Smoothening the Rough Ride from Tenders and Auctions to Signing Power Sale Agreements
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April 7, 2021
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According to the Q4 & Annual, 2020 India Solar Market Quarterly Update, in 2020, about 32.5 GW of tenders were announced by various agencies, and over 22 GW of projects were auctioned. There was only a marginal decrease of 7% in tender activity despite the pandemic in 2020. In 2019, 34.8 GW of tenders were issued. However, auction activity was significantly higher with 22.04 GW, 39% more than the 15.8 GW auctioned in 2019.