Number of Asia-Pacific renewables auctions grows in H1, India takes lead

Image source: RattanIndia Power Limited

August 21 (Renewables Now) - A total of 32 auctions for renewable energy were held in the Asia-Pacific region in the first half of 2019, with India accounting for the majority, GlobalData calculates.

The total number of renewables auctions was significantly higher than in the year-ago period when just one auction was issued. The total also compares with five auctions held in the second half of 2018.

Auction activity in January-June was led by India, which grabbed a 65.6% share with 21 auctions, in which the Solar Energy Corporation of India sought bids for almost 13 GW of capacity. Other large players were NTPC (BOM:532555) and Maharashtra State Electricity Distribution with tender offers for 2 GW and 1.5 GW, respectively.

Kazakhstan took the second spot in the ranking with eight auctions, while Uzbekistan issued two auctions. Malaysia came fourth with one auction.

In terms of technology, solar photovoltaic (PV) was the leader in the reporting period. Solar was involved in 23 of the auctions, while five sought wind power proposals. 

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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