In what could be seen as another blow to the country’s plan to increase the share of renewables-based power in its energy basket, solar and wind power developers have once again displayed a muted response to one of the government’s schemes for increasing renewable energy capacity.
The Solar Energy Corporation of India’s (SECI) latest bid to set up 1,200 MW of wind-solar hybrid plants has attracted dismal inte-rest from the industry, with only two firms putting forward their bids, offering 1,050 MW in total.
According to sources, the renewable energy arm of Adani Group has put forward bid for 600 MW and SBG Cleantech, a joint venture between Japan’ SoftBank Group, India’s Bharti Enterprises and Taiwan’ Foxconn Technology Group, has sought 450 MW.
It is not immediately known if SECI would cancel the auction as the last date for bid submission has already been postponed six times. The initial deadline was set as August 8. Read More