Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
Solar Energy Corporation of India (SECI) is tendering for 750MW of solar capacity in Rajasthan with the benchmark tariff to be combined with viability gap funding (VGF) set at just INR4/kWh (US$0.06) for the first time.
Cutthroat pricing in India’s booming solar market is causing headaches for developers. Tom Kenning reports on some of the looming pinch points for solar finance in a country where the cost of capital remains persistently high.
With India’s solar cell and module manufacturing capacity at about 1,200MW and 5,600MW respectively in April this year, Bridge to India's Jyoti Gulia looks at the plight of domestic manufacturers in the face of China's traditional dominance of the sector.