India May Drop Solar Bidding Method If Offers Aren’t Viable
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India may abandon the reverse-bidding process used in its first auction of solar permits after criticism that the procedure led to offers that aren’t viable from inexperienced companies.
The country plans to award licenses to build another 3,000-megawatts of solar power plants and may call for bids as early as this year, Deepak Gupta, secretary of the Ministry of New and Renewable Energy, said in New Delhi.