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

After facing delays and extensions for about two years, the tender for solar manufacturing received bids in November, 2019

solar energy
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To boost the domestic solar manufacturing sector, the Indian government imposed safeguard duty on imported solar cells, modules and panels in 2018 for two years. The current duty is at 15 per cent and will expire in July this year

Shreya Jai New Delhi
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

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First Published: Feb 26 2020 | 11:50 PM IST

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