Indian utility NTPC 's recent auction of 2 GW of solar capacity resulted in tariffs of between INR2.59 ($ 0.037 ) Over 90% of solar panels and modules used in Indian solar projects are imported, mostly from and Malaysia, mainly because locally manufactured equipment cannot match their prices. and INR2.60 per unit, below the INR2.71- 500 achieved at an auction in May. Industry insiders said bidders had not included the 25% safeguard levy, imposed from 31 July , on solar panel imports by May. Industry . May. Industry , Shapoorji Pallonji Infrastructure and Azure Power all offered the INR2.59 bid, securing 600 MW, 500 MW and 300 MW of capacity respectively.
Indian utility NTPC 's recent auction of 2 GW of solar capacity resulted in tariffs of between INR2.59 ($ 0.037 ) and INR2.60 per unit, below the INR2.71- 500 achieved at an auction in May. Industry insiders said bidders had not included the 25% safeguard levy, imposed from 31 July , on solar panel imports by May. Industry . May. Industry , Shapoorji Pallonji Infrastructure and Azure Power all offered the INR2.59 bid, securing 600 MW, 500 MW and 300 MW of capacity respectively.