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<p>The Solar Energy Corporation of India (SECI) has received technical bids totaling more than 8,500 MW for tendered capacity of 750 MW at the Bhadla Solar Park in Rajasthan. The tender was oversubscribed by 12 times, highlighting the voracious appetite of developers in India to win large-scale solar projects. The SECI tendered 750 MW of solar at a benchmark price of Rs.3.93 (~$0.0590)/kWh.</p>
<p>The tender for the entire 750 MW had been postponed repeatedly since November 2016. The heightened interest amongst developers can be attributed to the <a href="https://mercomindia.wpengine.com/mercom-exclusive-solar-tenders-auctions-slowed-india/" target="_blank" rel="noopener noreferrer">slowdown in tender activity</a> in the solar sector. Tenders above 100 MW have become <a href="https://mercomindia.wpengine.com/mercom-exclusive-solar-tenders-auctions-slowed-india/" target="_blank" rel="noopener noreferrer">scarce after the Rewa auction</a>.</p>
<p>With hyper competition and the tender oversubscription, tariffs for these projects are expected to go low again. The recently concluded Kadapa auction witnessed a record low bid of <a href="https://mercomindia.com/mercom-exclusive-pent-demand-projects-results-record-low-bid-rs-3-15kwh-kadapa-solar-auction-india/" target="_blank" rel="noopener noreferrer">Rs.3.15 (~$0.0487)/kWh</a> for a 250 MW project.</p>
<p>Mercom <a href="https://mercomindia.com/seci-tenders-750-mw-solar-bhadla-solar-park-rajasthan-benchmark-tariff-rs-3-93-0-0590kwh/" target="_blank" rel="noopener noreferrer">previously reported</a> that solar capacity of 500 MW would be developed in Bhadla Phase-III Solar Park and 250 MW in Bhadla Phase-IV Solar Park under the National Solar Mission (NSM) Phase II, Batch IV. Once developed, the Bhadla Solar Park will have an aggregate capacity of 2,255 MW.</p>
<p>Update &#8211;</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/07/SECI_750_Bids.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-5395" src="https://mercomindia.com/wp-content/uploads/2017/07/SECI_750_Bids.png" alt="" width="403" height="549" srcset="https://cms.mercomindia.com/wp-content/uploads/2017/07/SECI_750_Bids.png 403w, https://cms.mercomindia.com/wp-content/uploads/2017/07/SECI_750_Bids-220x300.png 220w" sizes="(max-width: 403px) 100vw, 403px" /></a></p>
<p>&nbsp;</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>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 &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
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Breaking News: SECI’s 750 MW Bhadla Solar Tender Oversubscribed by 12 Times

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