Solar tariffs may dip to record low levels

According to analysts, solar tariffs may dip to record low levels since as many as over 5000 MW of bids were received for the 1070 MW solar tender issued by the Solar Energy Corporation of India. In the past (2015 & 2017), tenders were heavily oversubscribed in a similar manner. They also opined that developers prefer to participate in plain vanilla solar auctions over hybrid and storage. This is because because of technical and execution simplicity of the former.

“We expect aggressive bidding and possibly a new tariff low in this auction,” stated Vinay Rustagi, MD of renewable energy consultancy firm, Bridge To India. “As the pace of transition towards renewables is accelerating globally, huge pools of capital have been earmarked for the sector by sovereign wealth funds, international utilities and oil & gas companies etc,” he added.

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