India Seeks International Developers To Build Its 100-GW Solar Market

India will soon invite bids for its first dollar-linked solar power contracts, seeking to cut costs and woo investment as Prime Minister Narendra Modi targets an unprecedented expansion in clean energy.

State-owned NTPC Ltd., India’s largest power generator, will award the tenders for 500 megawatts to 1,000 megawatts of electricity in July, Tarun Kapoor, a joint secretary in India’s Renewable Energy Ministry, said in an interview in New Delhi.

“NTPC will show the way in dollar bidding by bringing solar tenders in a month,” Kapoor said on June 25.