Despite a decrease in the price of solar modules, solar tariffs have gone up in the past two years. Chart: IEEFA.
India has more than trebled utility-scale renewables tender capacity to 69.8GW in fiscal year 2024, 48% of which from solar PV.
Out of the nearly 70GW of capacity tendered from 1 April 2023 until 31 March 2024, 40GW ended up being awarded, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. This represents a fourfold increase from FY23 when only 10GW of capacity ended up allotted, while the capacity tendered in FY24 surpassed the government’s target of 50GW. It is expected that for FY25, tenders will again surpass the 50GW government threshold, with awarded capacity to further increase.
(The above content is reproduced from pv-tech，By Jonathan Touriño Jacobo）
Disclaimer: This website reproduces information from cooperative media, institutions or other websites. The publication of this article for the purpose of transmitting more information,and it does not imply endorsement of its views or confirmation of the authenticity of the content. All information on this website is for reference only and can’t be used as the basis for transactions or services. If there are any infringement or other issues in the content of this website, please notify it in time, then this website will be promptly modified or deleted. Anyone who logs in to this website in any way, or directly or indirectly uses the information on this website shall be deemed to have voluntarily accepted the binding of this website statement.
