The Solar Energy Corporation of India ( SEC ) has postponed a 1 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 . Following the third postponement, SECI also increased the ceiling tariff to Rs 2.68 per unit from Rs 2.65. The renewable energy market had more than 100 bidders in 2015 but just 31 this year , according to a report from Bridge to India . The report cited increased costs and demands for energy purchases , along with a liquidity squeeze in financial markets and " aggressive " tariff caps for the lack of interest .
The Solar Energy Corporation of India ( SEC ) has postponed a 1 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 100 bidders in 2015 but just 31 this year , according to a report from Bridge to India . The report cited increased costs and demands for energy purchases , along with a liquidity squeeze in financial markets and " aggressive " tariff caps for the lack of interest .