The Solar Energy Corporation of India (SECI) has postponed a 1.2 GW solar tender for the third time and raised the tariff cap to INR2.68/kWh ($0.037) from INR2.65/kWh. BENGALURU: However, Vinay Rustagi from renewable energy consultancy Bridge to India has remained doubtful the tariff would attract bidders. The renewable energy market had more than 200 bidders in 2015 but just 31 this year, according to a report from Bridge to India. “While there is no doubt that solar power will be an important part of India’s future energy mix, it remains unclear whether the government can afford to subsidize such large scale projects at current levels,”
The Solar Energy Corporation of India (SECI) has postponed a 1.2 GW solar tender for the third time and raised the tariff cap to INR2.68/kWh ($0.037) from INR2.65/kWh. However, Vinay Rustagi from renewable energy consultancy Bridge to India has remained doubtful the tariff would attract bidders. The renewable energy market had more than 200 bidders in 2015 but just 31 this year, according to a report from Bridge to India. “While there is no doubt that solar power will be an important part of India’s future energy mix, it remains unclear whether the government can afford to subsidize such large scale projects at current levels,”