Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India
April 4, 2017
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While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom’s India Solar Project Tracker, about 1.9 GW of solar was tendered in Q1 2017 (1 GW of this was a retender), compared to 3.4 GW in Q4 last year. There were 1.3 GW of solar projects auctioned in Q1 2017, compared to 255 MW in Q4 2016. The slowdown in activity has been disconcerting to developers and manufacturers that have been positioning for much higher levels of activity based on India’s solar installation goal of 100 GW by 2022.