India's largest solar tender stuck, firms await greenshoe option nod

India’s first and largest tender for setting up solar manufacturing in the country is yet to conclude. Solar Energy Corporation of India (SECI) has yet not finalised the letter of authorisation (LoA) for the greenshoe option in the tender, which allows companies to build additional capacity.

After facing delays and extensions for about two years, the tender for solar manufacturing received bids in November, 2019. The government invited bids for 2,000 Mw of solar manufacturing and 6,000 Mw of linked solar power plant. This was oversubscribed by the industry.

Adani Green Energy submitted a bid for 1000 Mw manufacturing and 4,000 Mw