DEMAND FOR SOLAR TO BE HIT DESPITE LOW TARIFF RATES

In a Business Standard article, though solar tariff rates have hit an all time low in the REWA bidding, the future of solar projects seems bleak as there are no new tenders from the big states. Tenders from SECI and NTPC are facing delays and those from Rajasthan and Andhra Pradesh are getting downsized. In states like Rajasthan, Andhra Pradesh and Karnataka, the project biddings have been postponed. For the year 2016-17, only 10 GW of solar power has been awarded out of which 30% has been by the states and the rest has been from SECI and NTPC.