UPDATED: Winning bids in a 550MW solar auction in Uttar Pradesh, India, have come out between INR 3.02-3.08/kWh (US$0.0429-0.0437), a notable drop from 3.17-3.23 rupees in its most recent 500MW auction in October.
Solar Energy Corporation of India's 1.2GW hybrid solar and wind auction, the first in the country, drew bids from heavyweight players Adani and Softbank, but was still undersubscribed by 150MW.
The Indian state of Uttar Pradesh has drawn lowest bids of more than 3 rupees per unit for its latest 500MW solar auction, but these were still significantly lower than tariffs from its 1GW auction that was annulled over the summer.
PV Tech caught up with Ramesh Nair, CEO of Indian PV manufacturer and developer Adani Solar, at the REI Expo in Greater Noida last week, to discuss the future landscape of solar manufacturing in India and trends in module technology choices.
India's government has made clear its intentions to cultivate a solar PV manufacturing base at home, but interest from foreign players has yet to be translated into major capacity expansions. PV Tech gathered views from various players - both foreign and domestic - about what steps need to be taken, while at the REI Expo 2018 exhibition in Greater Noida, India.
The Indian Finance Ministry’s order imposing a safeguard duty for two years on solar imports from developed countries as well as China and Malaysia has brought long-awaited clarity to both manufacturers and developers, but both segments of the industry have a number of fears.
DEWA has opted for carports at its own offices and a ministry building, Adani has signed a PPA for a US$200 million Queensland PV project, HECO has launched an online rooftop solar application tool.
Some of the industry is at loggerheads and many feel local manufacturing must be intrinsic to the 100GW by 2022 solar target, but the value of trade duties is under dispute.
The largest solar park in the world at Kurnool in the Indian state of Andhra Pradesh, is due to be fully grid-synchronized tomorrow, making it the first ever solar park to reach 1GW.