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Four-S Monthly Cleantech Track Edition 1, 2012 Product Image

Four-S Monthly Cleantech Track Edition 1, 2012

  • ID: 2037679
  • January 2012
  • Region: India
  • 9 Pages
  • Four-S Services

Batch 2 of Phase 1 of NSM auction drives tariffs to record lows

Ministry of New and Renewable Energy has awarded PV project contracts worth 350MW to 28 developers in its latest National Solar Mission (NSM) auction. Projects in batch II of phase II were allotted by a reverse bidding process and have an initial completion deadline of March 2013.

The winning bids for solar PV under batch II of JNNSM phase I varied from Rs 7.49/kWh to Rs 9.41/kWh, at an average bid price of Rs 8.7/kWh. It is to be noted that in batch I, the range varied from Rs 10.95/kWh to Rs 12.76/kWh with an average bid price of Rs 12.15/kWh. French project developer Solaire Direct was the lowest bidder with Rs 7.49/kWh.

With increase in size per project from 5MW to 20 MW, higher allocation possibilities per company for up to 50MW and the significant drop in module prices, this round of bidding witnessed participation from larger companies with aggressive pricing.

The maximum capacity of systems in this latest auction was 20MW, although developers were permitted to bid for an additional two projects and a further 30MW of capacity. Welspun Solar was the only solo bidder to take up this option, READ MORE >

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