Solar isn’t as complex as people make it out to be. Sunlight is free. There is the cost of solar panels, to get as much sunlight as possible. Simply called a photovoltaic system, which comes with its panel, inverter and battery. Lots of photovoltaic systems put together make an array. Multiple rows of arrays produce Direct Current (DC) which has to be converted into Alternating Current (AC), so there’s another largish inverter.
Sunny, for now
In solar, India is singing its best tuneless choir
Ridiculously low bid prices. Financially anaemic bidders. Renegotiated power purchase agreements, because why not. More auctions, more aggressive bids. Rinse, repeat. India’s solar boom increasingly makes less sense
Shortage of solar tenders has led to aggressive bidding and record low tariffs
Solar tariffs have fallen around 80% since 2010
Rise of solar module prices and state utilities not adhering to earlier signed PPAs have further burdened solar companies
The government plans to float even larger tenders which can lead to more cut-throat bidding in reverse auctions