India's solar industry could face increased consolidation, due to increasingly thin margins for developers tendering ever-more competitive solar tariffs, according to a report by Wood Mackenzie. The report, released on Tuesday, said that the Indian government has been pushing ahead with its plan to liberalise electricity tariffs and open up new markets in recent years, but it is now facing increasing pressure from
India's solar industry could face increased consolidation, due to increasingly thin margins for developers tendering ever-more competitive solar tariffs, according to a report by Wood Mackenzie. The report also warns of the risks facing projects of more than 500 MW, a sector where India is a major player, highlighting the failed 10 GW solar-plus-manufacturing procurement process launched by the Solar Energy Corporation of India in 2018.