Indian state of Gujarat tenders 1.2 GW of PV

Gujarat Urja Vikas Nigam Ltd. (GUVNL) has launched a tender to develop 1.2 GW of PV projects (including 600 MW under s greenshoe option).

From pv magazine India

GUVNL plans to procure 600 MW of solar power. The projects will be awarded through competitive bidding. It may decide to enter into 25-year power purchase agreements (PPA) with the successful bidders.

The successful bidders will set up PV projects in Khavda Solar Park on a build-own-operate basis.

The developers must bid for a minimum 100 MW of capacity and in multiples of 100 MW only.

The additional capacity of up to 600 MW through a greenshoe option will be offered to the successful bidders who are willing to execute PPAs with GUVNL at the lowest tariff discovered under the competitive bidding process.

This post appeared first on PV Magazine.

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