Tariff ceilings as well as COVID-19 concerns haunt 500MW solar tender in Gujarat
- Indian utility Gujarat Urja Vikas Nigam Ltd (GUVNL) has actually amassed simply 430MW of entries in its most current 500MW solar tender.
Tata Power, Juniper Green as well as Vena Energy were the only companies to send quotes under the tender, causing undersubscription. A reverse public auction scheduled for 16 March this year.
Vinay Rustagi, taking care of supervisor of working as a consultant company Bridge to India, informed PV Tech: "The low tariff ceiling (INR 2.65) [around 3 United States buck cents per kWh] is thought to be a significant concern especially because of unpredictability brought on by Coronavirus."
The ceiling toll established by the utility came regardless of an order from the Ministry of New and also Renewable Energy (MNRE) recently guiding state energies and also main firms not to consist of top ceiling tolls in future renewable resource public auctions.
Last May, GUVNL's 500MW tender saw tolls in the variety of INR 2.65-2.70/ kWh.
Experts think India's solar market will certainly get to a mounted capability of 82GW by 2024, up from 39GW in 2019, in spite of plan rubbing in between main and also state federal governments.
The nation-- informed by specialists it runs the risk of missing its tidy power targets for 2022-- might give target date expansions to PV projects influenced by coronavirus-driven hold-ups with elements.