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Recently, the Uttar Pradesh New Energy Development Agency (UPNEDA) cancelled a 1GW solar auction held earlier this month and regained 500MW of PV capacity
.
According to analysts, bidders in the 1GW auction have opted for a considerable risk buffer in their tariff bids at prices between Rs 3.
48-3.
55/kWh ($0.
051-$0.
052), well above other recent Indian auctions, with a record low of Rs 2.
44 and overall price action well below Rs 3
.
Discoms in Uttar Pradesh is one of the worst districts in the country, while land is expensive, and the challenges in implementation and radiation are lower than in other states
.
According to statistics, a total of nine developers were granted the power to auction, but after the high price was announced, various commentators said that the possibility of cancellation increased
significantly.
ACCORDING TO THE AGENCY'S NOTICE, IN ORDER TO FOLLOW UP ON ITS CANCELLED AUCTION PROCESS, UPNEDA HAS INVITED ONLINE E-BIDDING TO REDUCE THE CAPACITY
OF 500MW.
Recently, PV Tech visited a decentralized hybrid mini-grid project that uses solar energy, battery storage and rice husk fuel biomass from Uttar Pradesh
.
:/, please indicate the source for reprinting)
Recently, the Uttar Pradesh New Energy Development Agency (UPNEDA) cancelled a 1GW solar auction held earlier this month and regained 500MW of PV capacity
.
According to analysts, bidders in the 1GW auction have opted for a considerable risk buffer in their tariff bids at prices between Rs 3.
48-3.
55/kWh ($0.
051-$0.
052), well above other recent Indian auctions, with a record low of Rs 2.
44 and overall price action well below Rs 3
.
Discoms in Uttar Pradesh is one of the worst districts in the country, while land is expensive, and the challenges in implementation and radiation are lower than in other states
.
According to statistics, a total of nine developers were granted the power to auction, but after the high price was announced, various commentators said that the possibility of cancellation increased
significantly.
ACCORDING TO THE AGENCY'S NOTICE, IN ORDER TO FOLLOW UP ON ITS CANCELLED AUCTION PROCESS, UPNEDA HAS INVITED ONLINE E-BIDDING TO REDUCE THE CAPACITY
OF 500MW.
Recently, PV Tech visited a decentralized hybrid mini-grid project that uses solar energy, battery storage and rice husk fuel biomass from Uttar Pradesh
.
:/, please indicate the source for reprinting)
/
