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