Recent solar auctions indicate a sector disconnect

SECI completed auction for its 3,000 MW solar tender last week. Capacity was won by 6 developers – Acme (600 MW, tariff INR 2.44/ kWh), Azure (300 MW, 2.64), Canadian Solar (200, 2.70), Adani (300, 2.71), ReNew (500, 2.71) and Softbank (1,100 MW, 2.71). The auction follows another similar 2,000 MW solar auction conducted by SECI just two weeks ago where Acme (600 MW)…

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