India’s solar plans moves ahead
Ritesh Pothan updates us on how the JNNSM – Phase 1 Batch 2 PPA bidding process has been completed for 350 MW of PV power projects. Solar power is now that much more closer to its brothers, wind and biomass, he says.
The Indian Ministry of New and Renewable Energy MNRE has now officially received the bids for the second batch of solar photovoltaic power projects under the JNNSM.
As predicted in previous posts on the allocations, the competition for projects with very low bids by developers made this allocation one of the fiercest to date and brought solar power much closer to wind as well as biomass sources.
The NVVN bidding results are now out with the lowest bid for 5 MW starting at a mind numbing Rs. 7.49 per ($0.15) KWh submitted by Solaire Direct who have in the past shown interest in using an all equity style of funding. The band was between Rs. 7.49 at the lowest and Rs. 9.44 ($0.19) for the highest bidding Green Infra.
The full list of bidding organizations and their quoted rates are as below:
All prices above are for a KiloWatt Hour Unit
*This info is validated by sources in the Government but errors are possible
Editor's Note: Ritesh Pothan leads an advisory organization focused on renewable energy projects and also runs two of the largest renewable energy forums on linkedin.com dedicated to the Indian subcontinent.
You can reach him at ritesh@natgrp.net and the forums at Renewable Energy and Cleantech Forum - India as well as Solar Energy Professionals - India.
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