India to Auction Unsold Rooftop Solar Projects Across 7 Cities

India, which plans to raise solar capacity eightfold by 2017, will auction projects for setting up grid-connected photovoltaic systems on rooftops across seven cities in the next two weeks.

The government received bids for half the planned 10 megawatts of rooftop solar capacity in the first round that was completed on April 3, prompting the sale of unsold capacities, said Tarun Kapoor, joint secretary at the ministry of New and Renewable Energy, in a phone interview today.

Azure Power India Pvt., Thermax Ltd. (TMX) and SEI Green Technology Pvt. won contracts to set up a total 5 megawatts of rooftop photovoltaic capacity across the cities of Bangalore, Chennai, New Delhi and Gurgaon, according to a ministry statement.

The government will seek bids for unsold capacities in the first round and for similar projects in Hyderabad, Jaipur and Greater Noida, Kapoor said.

In December, India said it will set up 9,000 megawatts of grid-connected solar plants by 2017, more than eight times its current capacity.

To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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