The eastern Indian state of Jharkhand has awarded letters of intent (LOIs) to the winners of projects of more than 25MW capacity each from its 1.2GW solar PV auction, in what was seen as a positive step for developers.
2015 was a landmark year for the Indian solar industry, with the 100GW by 2022 target approved and a significant ramp up of deployment. Bridge to India's Jyoti Gulia discusses the challenges ahead regarding project delays, transmission infrastructure and financing.
Multinational developers are winning solar projects in India by bidding at extremely low tariffs to make a beginning in the Indian market, but with little appetite to bid at the same low levels again, according to a prominent industry figure.
Indian conglomerate Adani Group and solar developer Azure Power have both been awarded 50MW of capacity with winning bids of INR 4.78/kWh (US$0.07) in the 100MW solar auction in the Indian state of Uttar Pradesh.
