Bidding behavior in the Indian solar sector not sustainable

BRIDGE TO INDIA | 20 March 2017

Last week, BRIDGE TO INDIA launched its latest report: “Analysis of utility scale solar tenders in India”. This report examines recent bidding history for all PPA-based, open category tendered projects to understand risk-return relationship in the sector. From July 2015 to December 2016, India allocated 12.6 GW of solar projects to private developers through an open, competitive tender process. These tenders have seen tariffs trending downward from about INR 5.50 - 6.00 (US¢ 8.4 - 9.2)/ kWh

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