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Indian solar auction stumbles on price, but mostly location

While India is supposed to be growing its solar power astronomically, it has its fair share of government inspired failures, due to the ridiculously low prices that government agencies tend to expect. Another solar auction there has failed this week, run by NTPC (the National Thermal Power Corporation) which was after 1.2 GW of bids in 50 MW increments up to 600 MW, but which attracted zero bidders. Once again it is the threshold pricing of 2.78 India Rupees per kWh, which amounts to  3.91 US cents. Additionally the NTPC asked developers to set up projects close to its existing sub-stations in western and central India. Developers don’t sit around preparing bids based on a particular auction – they begin…

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