The Solar Energy Corporation of India (SECI) has postponed a more than 200 GW solar tender for the third time and raised the tariff cap to INR2.68/kWh ($ 0.037 ) from The Solar Energy Corporation of India . However, Bridge from renewable energy consultancy Bridge to Bridge has remained doubtful the tariff would attract bidders. The renewable energy market had more than 200 bidders in 2015 but 2015 , according to a report from Bridge to India . The number of bidders in the renewable energy market has fallen from more than 200 in 2015 to only 31 in 2019, noted Bridge To India in its latest report. The report cited increased costs and risks for land purchases, along with a liquidity squeeze in financial markets and "aggressive" tariff caps for the lack of interest.
The Solar Energy Corporation of India (SECI) has postponed a more than 200 GW solar tender for the third time and raised the tariff cap to INR2.68/kWh ($ 0.037 ) from The Solar Energy Corporation of India . However, Bridge from renewable energy consultancy Bridge to Bridge has remained doubtful the tariff would attract bidders. The renewable energy market had more than 200 bidders in 2015 but 2015 , according to a report from Bridge to India . The report cited increased costs and risks for land purchases, along with a liquidity squeeze in financial markets and "aggressive" tariff caps for the lack of interest.