Solar panels. Author: John S. Quarterman. License: Creative Commons, Attribution 2.0 Generic.
Companies interested in installing solar farms in Uttarakhand can submit their bids by October 12 as part of a 170-MW auction just launched by the Indian state.
Last week, the Uttarakhand Renewable Energy Development Agency (UREDA) announced the request for proposal (RFP) for procurement of solar power from grid-connected plants. Interested developers will compete for 25-year power purchase agreements (PPAs) at tariffs to be determined by the tender.
The Uttarakhand Power Corporation Ltd (UPCL) is the one to buy the output of the solar photovoltaic (PV) parks.
The non-financial and financial bids will be submitted simultaneously. There is a limit of 50 MW per bidder and its affiliates. Additional details are available here.
India targets 100 GW of solar power capacity in 2022 and may soon set a 250-GW solar goal for 2030, according to a report earlier today.