Photon put in the
second lowest winning bid ever for solar generated electricity in India raising
concerns yet again over project viability.
tariffs are raising “serious concern” about project viability
and project development quality within India’s solar sector, which continues
from concerns raised immediately after low bids won in the Madhya Pradesh
auction in July.
Another set of low winning bids in India from
the latest 500MW solar auction in the state of Punjab has caused more “serious
concern” about the viability and quality of solar projects in India, according
to two industry figures.
Today, PV developer Photon won 150MW of solar
capacity with the lowest bid of INR5.09/kWh (US$0.076) for a 50MW project. The
news continues the trend for low winning prices for auctions in India, with
SkyPower Southeast Asia Holding’s winning bids of INR5.05/kWh in Madhya Pradesh in July and INR5.17/kWh in Telangana in August.
Ashish Verma consultant at Gensol Solar and
Anmol Jaggi managing director of Gensol group, who were both present at the
Punjab announcement, confirmed the results of today's auction with PV Tech:
- Photon 3x 50MW projects at INR5.09, INR5.27 and
INR5.57/kWh
- Azure Power 3x 50MW projects at INR5.62, INR5.63 and
INR5.64/kWh
- Prayanta 2x 50MW projects at INR5.8 and INR5.95/kWh
- Mytrah 1x 50MW project at INR5.97/kWh
- Hindustan Clean Energy 1x 50 MW INR5.98/KWh
The five winning developers were chosen out of
a total of 18 technically qualified bidders.
Verma and Jaggi said that continuous falling
level one bidding
Both Verma and Jaggi also highlighted that
Punjab receives lower irradiation compared to Madhya Pradesh, which received
similar bidding results, and Punjab also has higher land rates than any other
state in India, they claimed.
They said it was positive that the capacity had been awarded in blocks of 50MW, but said land prices had reached a peak. They said the projects would require "timely" land availability at "reasonable prices" to go ahead.
original Post: By Tom Kenning
No comments:
Post a Comment