As winning solar bids get the axe in UP, the lure of lower tariff clouds India’s green-energy dream


A solar panel is being cleaned in the Little Rann of Kutch area in Gujarat on January 8, 2021.

Synopsis

Uttar Pradesh just lately cancelled bids received in an public sale in February 2020. That’s as a result of the auctioned bid value of INR3.17 is way greater than the current bids the state is getting at INR2.40. This just isn’t a wholesome development for the business, as the fixed decline in solar tariffs is making many tasks unviable.

280 gigawatt: India’s solar-power goal by 2030.25 gigawatt: Capacity-installation goal for yearly.This may stay a pipe dream. Blame capricious cancellation of profitable bids and gagging fixation for ultra-low tariff. The newest to hitch the refrain, which is placing a critical query mark on India’s formidable renewable power goal, is Uttar Pradesh (UP).The state has just lately cancelled winning bids for 500MW solar-power capability.

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