PM Modi’s mega push for solar power gets big boost; 3 firms bid for projects of 10 GW

Solar Power: Prime Minister Narendra Modi’s push to expand the country’s solar power generation received a big boost on Wednesday when state-owned Solar Energy Corporation’s manufacturing linked solar energy auction received a good response. Three private sector power producers – Adani Green Energy, Azure and Navyug submitted bids for a total of 10 Gigawatts of solar projects.

In order to develop the domestic manufacturing of solar power panels, the Modi government has come up with manufacturing linked solar power projects. Under the scheme, solar power producers are also required to set up a manufacturing facility. In this round of auctions by the SECI, the bidders are required to set up a manufacturing facility for producing solar power panels for generating 1 Gigawatt of electricity if they applied for producing 4 Gigawatts of solar power.