India's 1.2-GW wind tender fails to attract enough bids - report

Wind turbines in India. Featured Image: OlegD/Shutterstock.com

January 21 (Renewables Now) - A 1.2-GW wind tender launched by the Solar Energy Corporation of India, the renewable energy ministry's nodal agency, failed to attract enough bids to continue, the Economic Times reported on Monday.

A SECI senior official was quoted as saying that the deadline for bids would be extended until January 24. Under SECI's tender rules, if a tender attracts less than two bidders, it can be extended by one week.

The tender launched on Friday had a ceiling tariff of INR 2.93 (USD 0.041/EUR 0.037) per unit, increased from INR 2.85 per unit earlier in an attempt to attract bidders.

This is the fourth time in a row that the wind tender has failed, a sign of the difficult times for India's wind industry, the newspaper said.

(INR 100.0 = USD 1.405/EUR 1.265)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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