Following a very competitive bid in India, ENGIE – through its subsidiary Solairedirect India – was awarded yesterday a solar project of a total capacity of 338 MWp1. ENGIE proposed the most competitive offer with a price of INR 3.15/kWh (approx. USD 48.7/MWh). The solar park, named NTPC Kadapa will be built in the State of Andhra Pradesh, in the South of India, operating as of mid-2018.
This tender has been subject to both fast and highly competitive bidding processes with the participation of 7 Indian and international contractors; it illustrates also the sharp drop in prices of solar energy in India.
The bid is part of the National Solar Mission – Phase II, a program launched by the Indian State in 2010 to develop solar generation widely and reach 100 GW of solar capacity by 2022.
With this project, ENGIE will reach a total capacity of 810 MWp in India and strengthens its leading position of a major player in competitive solar. The Group employs around 560 people in the country, in power generation, engineering and energy services.