The capacity of Indian solar projects tendered in November was the lowest in three months, decreasing by almost half from October to 1.4 GW. Based on the activity in November none of the agencies seem to be following the MNRE directive. Solar project auction activity fell even more notably, dropping from 759 MW auctioned in October to just 60 MW. The decline in both areas notably came after safeguard duty on imported solar cells and modules from China and Malaysia was imposed on 30 July. In November, India had a total installed base of 1,34,790 MW, which is down about 10% year-on-year at this point.
The capacity of Indian solar projects tendered in November was the lowest in three months, decreasing by almost half from October to 1.4 GW. Solar project auction activity fell even more notably, dropping from 759 MW auctioned in October to just 60 MW. The decline in both areas notably came after safeguard duty on imported solar cells and modules from China and Malaysia was imposed on 30 July. In November, India had a total installed base of 1,34,790 MW, which is down about 10% year-on-year at this point.