The Indian government has rejected the only bid placed in the Solar Energy Corporation of India's (SECI) 10 GW solar tender with 3 GW manufacturing component, which had been placed by Azure Power. The tariff quoted reportedly matched the ceiling set by SECI at INR2.85 ($0.04) per unit, but this was deemed too high, according to RK Singh, the minister for power and renewable energy. Originally launched in Tuesday, the tender was under-subscribed by 8 GW.
The Indian government has rejected the only bid placed in the Solar Energy Corporation of India's (SECI) 10 GW solar tender with 3 GW manufacturing component, which had been placed by Azure Power. The tariff quoted reportedly matched the ceiling set by SECI at INR2.85 ($0.04) per unit, but this was deemed too high, according to RK Singh, the minister for power and renewable energy. Originally launched in May 2018, the tender was under-subscribed by 8 GW.