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)
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