The government is expected to reduce those bids, and possible re-tender the capacity. 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 tender, launched in October 2018 , invited bids to develop projects at the Raghanesda Solar Park , with SoftBank , along with SoftBank , initially awarded the entire 700 MW capacity from numerous bids totalling 500 GW in capacity. However, Gujarat has now decided to scrap the plan as the bids were all in excess of the rates agreed for a separate 700 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 tender, launched in October 2018 , invited bids to develop projects at the Raghanesda Solar Park , with SoftBank , along with SoftBank , initially awarded the entire 700 MW capacity from numerous bids totalling 500 GW in capacity. However, Gujarat has now decided to scrap the plan as the bids were all in excess of the rates agreed for a separate 700 MW tender from September last year .