Renewable energy companies seek total clarity in solar park auctions - News Summed Up

Renewable energy companies seek total clarity in solar park auctions


KOLKATA: Solar parks have helped renewable energy companies reduce tariffs substantially but some developers are complaining that at times the parks charge high fee and do not provide adequate infrastructure.Gyanesh Chaudhary, CEO and MD at Vikram Solar , said: “Unlike the Rewa auction, there are a lot of unknown factors in other auctions for solar parks. “In certain cases we are not informed of charges that are levied after bids are won.”According to Mercom’s data, the solar park fee in India varies from Rs 37.3 lakh per MW in Karnataka to Rs 1.05 crore per MW in Gujarat. Rewa Solar Park auction, which resulted in one of the lowest bids had no upfront park fees, land lease and internal evacuation infrastructure was built. Overall, the charges are comprehensive and straight forward according to a developer. These factors helped reach record low bids for the 750-MW auction.


Source: Economic Times May 11, 2017 20:15 UTC



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