According to a report in Business Standard, in the tender for setting up for 500 MW Solar Park in Karnataka, four leading Indian solar companies outbid foreign players to win major capacities. Rattan India promoted Yarrow Infrastructure won 50 MW by quoting lowest bid of Rs 4.78 per unit among all.
It was closely followed by Adani Power, Acme Solar, Tata Power and Finnish utility Fortum Finnsurya with same bid of Rs 4.79 per unit. They all quoted the bid for 100 MW – two power units of 50 MW each.
ReNew Power, backed by Goldman Sachs in India won 50 MW by quoting Rs 4.8 per unit. All bids were in open category of solar cell procurement. No bids were under domestic sourcing category.
Karnataka is planning to set up 2000 MW solar park Pavagada in Tumakuru (earlier Tumkur) district and this is the first tranche of 500 MW. This would be the largest solar park to be developed in India. Till recently, the upcoming 750 Mw park at Rewa in Madhya Pradesh was being touted as the biggest in the world.