The Solar Energy Corporation of India (SECI) has received
technical bids totaling more than 8,500 MW for tendered capacity of 750 MW at the
Bhadla Solar Park in Rajasthan. The tender was oversubscribed by 12 times,
highlighting the voracious appetite of developers in India to win large-scale solar
projects. The SECI tendered 750 MW of solar at a benchmark price of Rs.3.93
The tender for the entire 750 MW had been postponed
repeatedly since November 2016. The heightened interest amongst developers can
be attributed to the slowdown
in tender activity in the solar sector. Tenders above 100 MW have become scarce
after the Rewa auction.
With hyper competition and the tender oversubscription, tariffs
for these projects are expected to go low again. The recently concluded Kadapa
auction witnessed a record low bid of Rs.3.15
(~$0.0487)/kWh for a 250 MW project.
reported that solar capacity of 500 MW would be developed in Bhadla
Phase-III Solar Park and 250 MW in Bhadla Phase-IV Solar Park under the
National Solar Mission (NSM) Phase II, Batch IV. Once developed, the Bhadla
Solar Park will have an aggregate capacity of 2,255 MW.