An avid follower of latest developments in the Indian renewable energy sector. Engie and Fortum are among the companies to miss out on a 700 MW solar tender in the Indian state of Gujarat after their tariff bids were deemed too high. The tenders for the two projects have been cancelled by the government as it was unable to find any suitable bidders. However, Gujarat has now decided to scrap the plan as the bids were all in excess of the rates agreed for a separate 500 MW tender from September last year.
Engie and Fortum are among the companies to miss out on a 700 MW solar tender in the Indian state of Gujarat after their tariff bids were deemed too high. The tenders for the two projects have been cancelled by the government as it was unable to find any suitable bidders. However, Gujarat has now decided to scrap the plan as the bids were all in excess of the rates agreed for a separate 500 MW tender from September last year.