SECI Gets Bids Over 10 GW for Rajasthan 1785 MW Tender

Highlights :

  • Demand continues to be strong, sows the high response.
  • All new projects will also be using domestic modules, going by the situation on the ground.

Continuing the strong trend observed across all significant tenders since the last quarter, a source at SECI confirms that they have seen a very strong response to the tender for 1785 MW solar projects in Rajasthan.

Without confirming the final list, the source tells us that bids have been received for almost 10 GW, and  feature submissions from virtually every major solar developer active in the country right now.

Interestingly, in the last three auction results from RUMSL and MSEDCL, we have seen a different set of winners each time. Perhaps this time we will finally see a winner add to their winnings from these auctions, as the market seems to increasingly getting dominated by players ranging from NTPC, to a resurgent ACME Solar, Renew power, Avaada Energy. Adani Green Renewables has been missing in the last few winners lists, so perhaps we will see them making an aggressive bid too.

Rajasthan has been able to attract a high degree of interest as the state offers many of the positives developers loo for in terms of geology, demand and land availability.

With recent bids ranging from Rs 2.32/kWh to Rs 2.65 (for Hybrid), it should be interesting to see how this one is settled. At this stage, it does look like we will see 3-4 winners at most, considering the recent trends again. All of these tenders also mark the first flush of large, utility scale projects that will be using modules and even cells manufactured in India possibly, as capacity on both of these inputs is getting ramped up quickly.

Enough to support domestic demand by the time procurement time comes around for these projects, it seems.

Leading developer Renew Power has already announced that its 200 MW project win through MSEDCL auction will be the first project where it uses modules from its upcoming facility in Gujarat.

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Prasanna Singh

Prasanna has been a media professional for over 20 years. He is the Group Editor of Saur Energy International

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