Centre readies policy changes in solar bids, likely to award 10-15 GW

The move comes just within a month of SoftBank CEO Masayoshi Son meeting officials from the PM's Office

In what could be a push for SoftBank-funded SB Energy meeting its investment target in India, the government is drafting a tender for awarding 10-15 gigawatt (GW) in a single tranche. The highest cap for the capacity would be 2 GW and can be set up in tranches at whatever location the project developer deems fit. SECI, under the Ministry of New and Renewable Energy (MNRE), is the nodal agency to bid out solar and wind power projects.

Alongside, the power ministry, in a June 15, 2018 amendment to the solar bidding guidelines, increased the land acquisition approval time to