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Tuesday, January 07, 2025 | 03:01 PM ISTEN Hindi

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Solar tender and auction slow down despite installation speeding up

India needs to install 18 GW of solar per year through 2022 to reach the 100 GW installation target

Solar
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T E Narasimhan Chennai
While solar installations in India have picked up speed, tender and auction activity have been slowing down over the last few quarters. The slowdown in activity has been disconcerting to developers and manufacturers that have been positioning for much higher levels of activity based on India’s solar installation goal of 100 GW by 2022.

Mercom India Solar Project Tracker shows about 1.9 GW was tendered in the first quarter of 2017 (1 GW of this was a retendered) compared to 3.4 GW in Q4 last year. There were 1.3 GW projects auctioned in Q1 2017 compared to 255 MW in

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