Bidding for the first batch of Phase-II of the National Solar Mission has shown tremendous response from private players.
The bidding, which was opened on Friday, calls for allocating 750 MW of new photovoltaic capacities.
SEI, Azure Power India and ACME are leading the fray winning most of the solar projects auctioned on Friday. SEI and Azure Power bagged 100 MW of projects each, while ACME got nearly 80 MW of new capacities.
Others who bagged major projects include IL&FS Energy Development (40 MW), Tata Power Renewable Energy (35 MW), Solairedirect Energy India (30 MW), Gujarat Power Corporation (10 MW), Hero Solar Energy (20 MW) and Today Homes and Infrastructure (40 MW), said a report in Hindu.
The projects under Phase II are offered in two batches of 375 MW each. The first batch under Domestic Content Requirement (DCR) mandates developers must procure equipment from domestic manufacturers, whereas in the second, there are no such restrictions.
Azure grabbed the maximum projects under the first category, while ACME emerged as the largest developer in the open category.
The lowest and highest VGF sought for projects outside the DCR were INR 1.7m by Gujarat Power Corporation Limited (10 MW) and INR 24.9m by Madhav Infra (10 MW) respectively.
Leading providers like Welspun Renewables Energy, Shapoorji Pallonji Solar and Renew Solar Power have failed to bag any projects under the first batch of Phase-II of the National Solar Mission.
Allotments are expected to be completed by next week after getting approval from the Board of Solar Energy Corporation of India, said Tarun Kapoor, Joint Secretary (National Solar Mission) in the Ministry for New and Renewable Energy.
The winners are expected to sign power purchase agreements within a period of one month and the projects are expected to be completed within 13 months of the date of signing of the agreements.