BENGALURU: Gujarat’s fresh attempt to auction 700 mw of solar projects at Raghanesda Solar Park has attracted techno-commercial bids of 600 mw despite having an aggressive ceiling price of Rs 2.70 per unit, people close to the development said.
The state’s renewable energy agency Gujarat Urja Vikas Nigam (GUVNL) had cancelled the first auction for the same projects held in January, because it found the lowest discovered tariff of Rs 2.84 per unit to be too high.
The January auction had attracted bids of 1,250 mw, while the new auction has been under-subscribed by 100 mw.
