India mulling Generation Based Incentive for 5 GW of future solar tenders

India
Typography

India is working on some new rules for 5 GW of solar projects to be tendered over three years, including bidding for a Generation Based Incentive (GBI).

Local consultancy Bridge to India said the renewable energy ministry (MNRE) is finalising the guidelines, with an announcement expected over the next two months. The timing of tenders and the geographical spread will depend on the needs of Indian power utilities

NTPC Ltd will be the off-taker for the 5 GW. It is expected to set the solar power purchase rate at INR 4.5 per kWh and urge developers to bid for additional compensation per kWh of produced power via the GBI model.

 

Translator

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Block Your Calendar For The First EV Charging Infrastructure Event EV Charge India 2018 on 7th June, Bengaluru - https://t.co/OWFeehIG4A
Saturday, 26 May 2018 04:14
SolarQuarter Nominate Teams & Save_Solar Asset Management Masterclass, 14 – 15 June, New Delhi - https://t.co/2Z2E476Myc
Friday, 25 May 2018 12:37
Wednesday, 23 May 2018 04:58