India PV Snippets: SECI, Tata, Loom, ArcelorMittal, ICRA

SECI 1.2 GW Hybrid Auction Attracts INR 2.34/kWh L1 Bid; Tata Power Commissions 150 MW PV; Loom Solar Launches 500W+ Solar Panels; ArcelorMittal Considering Heavy Investment In Solar For Rajasthan & Gujarat; ICRA Upbeat About India’s Renewables Sector

SECI’s 1.2 GW hybrid auction results: The Solar Energy Corporation of India (SECI) has attracted INR 2.34 ($0.031) per kWh as the lowest winning bid (L1) for its 1.2 GW interstate transmission system (ISTS) connected wind-solar hybrid project tranche-IV.

High Module Prices To Impact Project Returns In India

ICRA: Around 4 GW Solar Power Project Capacity Awarded In India May Suffer If High Module Price Trend Sustains; Increase In Metal Prices Also Pushing Up Overall Capital Cost For Planned Projects

High demand for solar polysilicon over past few months has been pushing up prices for the end product, solar modules. Project developers in India are also feeling the heat since the market is heavily dependent on imported modules.

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