Solar power auction sees 98% fall in November

Solar power auction sees 98% fall in November
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The solar power auction in November saw a 98 per cent drop with only 5 MW auctioned against 270 MW in October, a report by Mercom Capital Group said. It also pointed out that total solar project tendered also saw a steep decline with 300 MW offered in November against 400 MW in October.

New Delhi: The solar power auction in November saw a 98 per cent drop with only 5 MW auctioned against 270 MW in October, a report by Mercom Capital Group said. It also pointed out that total solar project tendered also saw a steep decline with 300 MW offered in November against 400 MW in October.

"The solar capacity tendered across the country during the month fell by 25 per cent to 300 MW compared to the October 2017 total and the amount of solar auctioned dropped by 98 per cent to just 5 MW," it said.

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