India Draws Bids for Triple Solar Capacity Offered
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India received bids for almost triple the 750 megawatts of solar capacity offered after enticing developers with grants for the first time that will cover part of the cost of the plants.
The state-run Solar Energy Corp. of India received 58 bids for 2,170 megawatts in the country’s first national auction of photovoltaic licenses in two years, Tarun Kapoor, joint-secretary at the Ministry of New and Renewable Energy, said in an interview today in New Delhi.