Solar Goals Stymied in India as Investors Shun Chance to Build


Solar Goals Stymied in India as Investors Shun Chance to Build

India’s effort to spur its own solar power equipment industry seems to be failing, with only one company so far bidding for the nation’s tender to set up a factory.

The tender, which had already been downsized and delayed for months, received a single bid, from Azure Power Global Ltd., according to Anand Kumar, secretary at the Ministry of New & Renewable Energy. And the company planned to only build enough capacity to meet about one-fifth of what the Indian government is seeking, he said.

Azure Power officials didn’t immediately reply to an email and phone call seeking comment. The tender includes a requirement that the factory developer also build an associated solar power project that would sell electricity at fixed rate of 2.85 rupees (4 cents) per kilowatt-hour, which prospective developers have said is too low. Read More

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