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According to local media reports in India, the 2,000 MW tender issued by the Solar Energy Corporation of India (SECI) has received an enthusiastic response, and the subscription scale has now exceeded 5,000 MW
.
SECI is an important agency
through India's Ministry of New and Renewable Energy conducting wind and solar energy auctions.
Industry insiders said the reaction to the auction was the result of a period of slowdown in tendering activity due to the
Covid-19 outbreak.
"Due to the recent slowdown in auctions and the huge capacity allocated in manufacturing tenders (12,000 MW), developers are rushing to build their own project pipeline
.
If these conditions persist, we expect to break through the all-time low of Rs 2.
44 (each) soon," said
Vinay Rustagi, managing director of renewable energy consultancy Bridge To India.
Although the installation schedule has slowed considerably, the disruption to the solar industry caused by the viral pandemic is not expected to last more than four months
.
Only 176 MW was added in May, and there was little increase in renewable capacity
in April.
This trend is expected to continue
in June.
Rustagi also attributes the strong interest shown by developers to the attractive returns
of solar projects.
"The yield of solar projects has been steadily increasing
due to significant technological advances and falling equipment prices," he said.
”
According to local media reports in India, the 2,000 MW tender issued by the Solar Energy Corporation of India (SECI) has received an enthusiastic response, and the subscription scale has now exceeded 5,000 MW
.
SECI is an important agency
through India's Ministry of New and Renewable Energy conducting wind and solar energy auctions.
Industry insiders said the reaction to the auction was the result of a period of slowdown in tendering activity due to the
Covid-19 outbreak.
"Due to the recent slowdown in auctions and the huge capacity allocated in manufacturing tenders (12,000 MW), developers are rushing to build their own project pipeline
.
If these conditions persist, we expect to break through the all-time low of Rs 2.
44 (each) soon," said
Vinay Rustagi, managing director of renewable energy consultancy Bridge To India.
Although the installation schedule has slowed considerably, the disruption to the solar industry caused by the viral pandemic is not expected to last more than four months
.
Only 176 MW was added in May, and there was little increase in renewable capacity
in April.
This trend is expected to continue
in June.
Rustagi also attributes the strong interest shown by developers to the attractive returns
of solar projects.
"The yield of solar projects has been steadily increasing
due to significant technological advances and falling equipment prices," he said.
”
