Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.
The days of naming financing as one of the major hurdles for Indian solar appear to be coming to an end in 2017 as record low tariffs were enabled by a newly-attractive fiscal environment. PV Tech caught up with Kuljit Singh, partner, Transaction Advisory Services at EY, to discuss a potential spate of Indian solar IPOs, pension fund interest, Masala bonds and the future of the market.
Indian solar and storage developer Acme Solar Holdings has filed for an IPO in India of up to INR22 billion (US$336 million), according to the Press Trust of India (PTI).
Acme Cleantech Solutions has 410MW of solar PV project completions in the Indian state of Telangana, but is facing a transmission issue for another 80MW, according to the company’s head.
Dedicated N-type monocrystalline module manufacturer Jolywood (Taizhou) Solar Technology Co. Ltd (Jolywood) is the first company to supply its bifacial modules to a decent sized 6.7MW project in India.
After Indian solar tariffs breached a jaw dropping US$0.04/kWh earlier this week in a Rajasthan auction, prices have dropped to yet another record in the same location.
Power purchase agreements (PPAs) have been signed for the pioneering Rewa solar park projects, which briefly had the lowest solar tariffs ever in India.
After 33 hours of bidding, Mahindra Renewables, Acme Solar and Solenergi Power have emerged triumphant in the 750MW solar auction in Madhya Pradesh, with the lowest price smashing records at just INR2.97/kWh (US$0.044) in year one before an annual escalation kicks in.
