Freefall of Solar Bids

The lowest bids can be undermined or loosefit for Indian solar players in front of Chinese majors. Let’s keep it debatable. But the fact not to deny is, solar power tariffs in India are falling at a quantum rate which includes the recent Rs 2.44 per unit bidding for Bhadla Phase-III Solar Park in Rajasthan. The previous low solar tariffs of Rs 3.15 per unit had been witnessed on April 13 for the Kadapa Solar Park in Andhra Pradesh for NTPC’s auction of 250 MW. It can be noted commendable. 2017 and early 2018 might witness more astounding solar bids as India will be pivotal on determining the low-bid cult.