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Gamesa eyes at least 100 MW of solar in Indian tender - report

Author: Takver. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

Feb 1 (Renewables Now) - Spanish renewable energy company Gamesa (BME:GAM) has emerged as the lowest bidder in a 500 MW solar tender by Indian firm Neyveli Lignite Corp (NLC), the Hindu Business Line reports.

The contracts that are to be awarded will involve building, operating and maintaining for 15 years solar parks in Tamil Nadu state.

NLC’s chairman and managing director SK Acharya told the newspaper that Gamesa is bidding for 100 MW. Should other interested parties fail to match the price offered by the Spanish company, it could secure even more capacity.

Industry sources told the Hindu Business Line that Gamesa India has offered a price of INR 45 million (USD 666,000/EUR 617,000) per MW.

Gamesa is focused mainly on wind power globally, but specifically in India it also builds solar plants. In late October 2016, the company won contracts from Atria Power for one solar park of 90 MW in Karnataka and one of 40 MW in Andhra Pradesh.

(INR 10 = USD 0.148/EUR 0.137)

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Ivan is the mergers and acquisitions expert in SeeNews Renewables with a passion for big deals and ambitious capacity plans.

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