Indian companies will be bidding on 750
megawatts of solar projects this week as part of a government- funded support
program in the western states of Maharashtra and Gujarat.
“Tenders for setting up 500 megawatts of
capacity in Maharashtra and 250 megawatts in Gujarat’s Charanka solar park will
be out this week and awarded in three months,” Ashvini Kumar, managing director
at Solar Energy Corp. of India, the implementing agency for central
government’s grid-connected solar programs, said Tuesday in an interview.
The bids are part of the second phase of the
National Solar Mission through which capacity of at least 2 gigawatts will
be auctioned featuring 21 billion rupees ($322 million) of government-funded
support.
Of the remaining capacity, tenders for 500
megawatts each will be offered in the southern states of Karnataka and Tamil
Nadu in a month and later in Uttar Pradesh in the north, Kumar said.
India aims to install 100 gigawatts of
solar power by 2022 under the National Solar Mission at an estimated investment
of $100 billion. Current solar capacity in the country is just over 4
gigawatts.