June 12: Solairedirect Energy India Private Ltd on Wednesday announced the starting its 5MW solar park in Rajasthan.

This is the first project of the European company in India.

"We have bid under Punjab policy for 20MW. The bids are likely to open on Friday and we expect our bid to be competitive," said Gaurav Sood, Managing Director for the Indian unit.

We are also looking to sign power purchase agreements with private developers, Sood told mediapersons.

The company bagged the Rajasthan project under Jawaharlal Nehru National Solar Mission in December 2011 at Rs 7.49 per kWh.