Competitive bidding for solar projects making financing tough

Caution for the investors interested in investing in solar projects. Competitive bidding is leading to lower profit margins.

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India poised for big solar power growth - report
LOS ANGELES | Thu Jan 6, 2011 4:30am IST
Reuters

"India comes away as by far the most attractive market for long term growth out of these that we looked at," said Jason Eckstein, a Lux Research analyst and the report's lead author.

Foreign firms look to increase solar power presence in India
22 Dec, 2010, 10.36AM IST, AGENCIES

The head of Solar-Gem, Khimji Vaghjiani, said solar power had "enormous scope" in India, as 80,000 villages have no electricity and plans for conventional power plants are often delayed over land or environmental concerns about pollution.

"Trying to distribute power is going to be very difficult (in India)," he told AFP before the launch on Monday evening.

Gujarat setting up 8,000-crore solar power park
6 Dec, 2010, 09.19AM IST, Himanshu Darji & Mitul Thakkar,ET Bureau

The apex state utility, Gujarat Urja Vikas Nigam Ltd (GUVNL), is currently in the process of entering into long term power purchase with agreements with 80 solar power project investors to commission almost 1,000 MW of generation capacity. This capacity will help procure 1,700 million units of environment friendly electricity per annum.

Proposals for 1,184 MW of solar power projects
V. Rishi Kumar
Hyderabad, Dec. 5

Solar power projects with a total installed capacity of 1,184 MW have been proposed by private developers in Andhra Pradesh, according to Mr Chandan Mitra, Vice-Chairman and Managing Director of Non-Conventional Energy Development Corporation of Andhra Pradesh Ltd.

Solar energy projects of 505 MW for Rajasthan
18 Nov, 2010, 10.34AM IST,PTI

Solar energy projects of 505 MW (value at $1.33 billion) capacity will be established in Rajasthan.

The Centre has "recently executed tender process to select solar power projects of 630 mw capacity to be established in the country. Out of the total capacity, projects of 505 mw capacity will be set up in Rajasthan alone," an official statement said in Jaipur.

India solar power plans over-subscribed
By Krittivas Mukherjee

NEW DELHI | Tue Oct 12, 2010 3:21am EDT

NEW DELHI (Reuters) - India will begin rolling out hundreds of megawatts of solar power by December next year, ahead of an initial target for an ambitious plan that seeks to zoom production from near zero to 20 gigawatts by 2022.