RENEWABLE ENERGY

India’s 1.2-GW wind tender fails to attract enough bids – report

A 1.2-GW wind tender launched by the Solar Energy Corporation of India, the renewable energy ministry’s nodal agency, failed to attract enough bids to continue, the Economic Times reported on Monday.

A SECI senior official was quoted as saying that the deadline for bids would be extended until January 24. Under SECI’s tender rules, if a tender attracts less than two bidders, it can be extended by one week.

The tender launched on Friday had a ceiling tariff of INR 2.93 (USD 0.041/EUR 0.037) per unit, increased from INR 2.85 per unit earlier in an attempt to attract bidders.

This is the fourth time in a row that the wind tender has failed, a sign of the difficult times for India’s wind industry, the newspaper said.

Source
Renewable Now
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