“Companies offer discounts to a cap rate proposed by the government of 2,850 rand ($373) per megawatt-hour for solar photovoltaic plants and 1,150 rand per megawatt-hour for onshore wind farms, according to New Energy Finance. Those rates are about double the global average, according to data compiled by Bloomberg.
The government invited bids on Aug. 3 to build 3,725 megawatts of renewable energy by the end of 2016. In December, the first bidding round awarded 28 projects with 1,416 megawatts. The second round closed March 5, with 79 proposals submitted.”
