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Tariff Caps are Slowing Down Solar Auction Activity

Capacity tendered in FY 2018-19 stood at 37.2 GW, while auction capacity was only 11.3 GW

June 21, 2019

/ Soumik Dutta
/ Mercom Research Focus, Other,
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The solar market in India is extremely competitive. Reverse auctions have driven tariffs lower and lower, and developers are fighting for every penny to make a decent return on their investment. In this tough environment, tariff caps have added a new challenge for developers.

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Soumik Dutta

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