It is raining solar auctions in India, but high competition persists

BRIDGE TO INDIA | 21 December 2015

Last week, three e-auctions of solar projects were completed by National Thermal Power Corporation (NTPC). Our summary observations are as below: Competition continues to be intense with Softbank-Bharti group JV winning 350 MW in Andhra Pradesh at a price of INR 4.63/kWh. Interestingly, despite winning the previous allocation of 500 MW at INR 4.63/kWh, SunEdison didn’t qualify for the second round in this project. BRIDGE TO INDIA expects tariffs to go down

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