India’s latest 400MW solar auction saw limited competition compared to recent tenders with just six bidders for the PV capacity in an Andhra Pradesh solar park.
Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
Under phase 2 of the Large Renewable Procurement (LRP) Scheme, Ontario is opening bidding for 930MW; almost doubling its renewable energy ambitions for solar (250MW), wind (600MW), hydroelectricity (50MW) and bioenergy (30MW).
India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from Overseas Private Investment Corporation (OPIC), the US government's development finance institution, to help construct 400MW of solar PV projects in India.
Solar capacity auctioned last night in the Indian state of Jharkhand saw significant contrasts in bids received for the smaller-scale sub-25MW category when compared to the larger utility-scale segment, with indian developer Renew Power winning big.
French developer SolaireDirect has won a 75MW solar project in the Indian state of Uttar Pradesh quoting viability gap funding (VGF) of INR7.435 million/MW (US$110,527).
Ontario’s Independent Electricity System Operator (IESO) has awarded seven solar energy contracts totalling nearly 140MW with a weighted average price of CAD0.1567/kWh (US$0.12).
Brazil’s energy regulator ANEEL has approved a further nine projects from its 1.5GW Reserve Energy Auction held last November, bringing the total of qualified renewable energy projects to 52 out of the 53 awarded.
