Developers’ interest in Solar Corporation of India’s (SECI) auctions hit a nadir when Tata Power Renewable Energy emerged the sole bidder on Wednesday for an auction for 50 MW at Dhodhainicha Solar Park in Maharashtra. The auction has been put off indefinitely.
Last week SECI postponed a 1200 MW hybrid auction – solar and wind energy projects combined – to mid-November due to tepid response. In mid-October, another auction for a massive 10,000 MW – and the first one linked to solar manufacturing – was also postponed for the fourth time.
Developers say the main hurdle is the low ceiling tariff being set by SECI for these auctions. Read more