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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

30/11/17

Sidhartha Shukla

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

pexels-photo-322954-1920x1280.jpeg

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.

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