Chinese PV tender of 1 GW yields record low bids - report
Solar panels. Author: Chris Baird. License: Creative Commons. Attribution 2.0 Generic
A government-backed tender for 1,000 MW of solar projects in China’s Inner Mongolia autonomous region last weekend attracted the lowest bids ever made in the country, news portal Jiemian said Monday, citing an official document.
The auction covered a dozen photovoltaic (PV) schemes, part of the Baotou National PV leader base. The tender results unveiled that the 56 companies that took part in the competitive bidding process offered to sell power at between CNY 0.52 (USD 0.08/EUR 0.07) per kWh and CNY 0.7/kWh.
Jiemian pointed out that domestic sector players China Huadian Corp and Nesi Solar were the ones to make the lowest bids. Their tariffs are below the CNY-0.8 PV benchmark in Baotou.
The 12 solar projects will have different installed capacities.
Under the terms of the tender, the entire solar complex is due to be up and running by the end of 2017. The plants will be operated for a period of 25 years.