The Solar Energy Corporation of India (SECI) has released the final list of successful bidders/installers who won bids to develop rooftop solar projects in the 500 MW rooftop solar auction conducted by SECI.
This final list is prepared based on receipt of acceptance/consent and Performance Security on capacities against the offered/ allocated capacity from all the successful bidders/ developers.
In April this year, SECI amended the tender for 1,000 MW solar rooftop auction for government buildings and reduced the capacity to 500 MW. According to the SECI amendments 50 MW was set to be tendered under the CAPEX model (Part-A) and 450 MW under RESCO model (Part-B).
According to Mercom India Research, installers have complained that government officials who are part of the buildings which the rooftop solar is supposed to be installed on, are most often not ready to sign PPAs even after SECI, NTPC, Discom issue the tender. An installer typically must go to an individual government office building and give a presentation (a time-consuming process) after which the installation is still not guaranteed and PPAs don’t get approved immediately. This is one of the reasons behind many installers not participating in the 500 MW tender. Also, government installations tend to be the most expensive due to added costs required for approvals. Installers are also very skeptical when it comes to receiving subsidy payments from the government on time.
Mercom previously reported, ₹2.20 (~$0.034)/kWh was the lowest quoted tariff to develop a solar rooftop project under the RESCO mode.
Image credit: Mahindra Susten
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.