After months of gloom, govt’s mega solar offering soars
NEW DELHI: The government’s latest offering of solar power projects based on indigenous kits attracted bids for twice the 1,000 MW capacity offered by state-run SECI (formerly Solar Energy Corporation of India) Ltd on Thursday, marking a revival in investor sentiment as a result of several progressive policy tweaks making domestic manufacturing a viable option.
This marks the first over-subscription of a renewable energy capsule in nearly two years during which auctions for solar and wind energy projects of over 10 GW had to be extended, postponed or retendered in the absence of response from investors.
