Solar Energy Corporation of India’s (SECI) 10GW solar tender combined with 3GW of manufacturing has once again received a poor response from the industry with only local developer Azure Power submitting a bid.
The tender has been through mutliple delays and rethinks, with SECI having to converse with the industry to try to make the tender parameters more attractive for bidders, including a recent 10 paise hike on the proposed tariff.
Sources told PV Tech that Azure Power’s bid was for a 2GW project on a single site as well as 600MW of manufacturing capacity.
Azure has raised more than US$400 million from equity and debt financings since 30 June 2018.
SECI’s hybrid wind and solar auction has also played out today.