Solar Tenders Surge 43% QoQ in Q1 2023, Auctions Decline 50%

Tender announcements were up 172% YoY, and auctions dropped 69%

April 5, 2023

/ Mercom Research Focus, Solar, Tenders & Auctions,

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Solar tenders floated by various agencies in India rose 43% quarter-over-quarter (QoQ) to 13.8 GW in the first quarter (Q1) of 2023, according to Mercom India Research. The preceding quarter (Q4 2022) saw tenders worth 9.7 GW.

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Arjun Joshi

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Solar Tenders Surge 43% QoQ in Q1 2023, Auctions Decline 50%

Continue Reading with Premium Access

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