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Even as India lost review of an earlier WTO decision that found mandatory use of Indian-made solar equipment against international norms, leading project developers in the country placed lowest-ever bids for projects based on domestic content requirement.
Solar Energy Corporation of India (SECI) auctioned off two solar power projects at one of the largest solar power parks in the country. Tata Power Renewable Energy and Adani Green Energy secured rights to develop projects of 50 MW capacity each. The projects shall form part of the Pavagada solar power park in Karnataka.
Both the projects are required to use only Indian-made solar power equipment, including modules. The companies placed bids of less than Rs 5.00/kWh (US$7.5/kWh), the lowest-ever for projects auctioned under the Domestic Content Requirement scheme.
The Pavagada solar power park is still in its very initial stages of development. While a total capacity of 5 GW has been proposed, plans for only 2 GW have been shared in the public so far.
NTPC auctioned 500 MW capacity for the solar park. The capacity was allocated to six developers who are free to choose Indian or imported solar power modules for their projects. Adani Power, Tata Power Renewable Energy and Fortum India secured 100 MW capacity each at tariff of Rs 4.79/kWh (US¢7.9/kWh).