MNRE Renewable energy auction in trouble-No Bidding on solar energy tender

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Solar Power Companies are getting less interest in MNRE renewable energy auction because of low tariff rate fixed by the Agency. MNRE Tariff rates are not going to appreciate by the bidding companies.

Tender delay by one month already due to land approval in states. Bidding companies are not happy with the tariff rates and only one bid is sawed on auction to date. Azure Power Global Ltd., is a single bidder of this auction till date. The record low tariff rate and power prices reluctant the international solar companies including China’s Trina Solar Ltd. and Canadian Solar Inc.,

Delhi government also announced the scheme of no-cost solar power installation scheme. Which also impact economically on Delhi solar installation companies. 100 MW solar panels already installed in National Capital. Delhi metro rail corporation building installed with 20 MW generation unit.