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Solar Auction Cancellations Need a Fix for Market Sentiment to Improve

Since the beginning of 2018, almost 5 GW of solar auctions have been canceled

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India’s quest to reach 100 GW of solar installations by 2022 has been made a little more challenging with government agencies canceling auctions after results have been announced. Since the beginning of 2018, various government agencies such as the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), the Grid Corporation of Odisha (GRIDCO), Gujarat Urja Vikas Nigam Limited, and others have canceled nearly 5 GW of solar auctions.

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