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SkyPower makes lowest bid in 2-GW Indian solar tender

Solar park in India built by SunEdison. Author: American Center Mumbai. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

August 4 (SeeNews) - Canada’s SkyPower Global has made the lowest bid of INR 5.17 per kWh (USD 0.081/EUR 0.074) as part of the 2-GW solar tender in the Indian state of Telangana, which was significantly oversubscribed.

Local consultancy Bridge to India said so on Monday, quoting unconfirmed sources. According to it, a total of 101 developers have made financial bids for 4,988 MW of solar power capacity in the state, with SkyPower bidding for 200 MW.

US renewables major SunEdison Inc is the top bidder, targeting 580 MW. It is followed by ACME Solar with 510 MW and Adani Power with 492 MW of bids. The list also includes Suzlon, Renew Power, Mytrah and others.

Bridge to India noted that developers have bid more aggressively in last month’s tender in Madhya Pradesh state, where they will have a “generous” 18 months to commission the projects rather than the usual 11 to 12 months. SkyPower was the company to make the lowest financial bid there as well at INR 5.05 per kWh.

(INR 10 = USD 0.157/EUR 0.143)

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

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