More than 3 GW of solar projects were tendered in the month of October, which is more than double compared to September, according to Mercom’s India Solar Tender Tracker. This is the highest capacity tendered in the last three months.
Solar project auction activity saw an uptick with approximately 750 MWs auctioned in October, compared to around 550 MW auctioned in September.
The overall improvement in the tender and auction activities may be attributed to the clarity on the safeguard duty after the Supreme Court allowed the government to levy 25 percent safeguard duty on solar imports from China and Malaysia.
Earlier, the Ministry of Finance had announced the levy of a 25 percent safeguard duty based on the final recommendations proposed by the DGTR. The duty came into effect on July 30, 2018. Read More