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Market Insight

Solar tenders gaining pace in India in 2018

April 23, 2018  | Subscribers Only

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In the first quarter 2018, the pace of tender announcements in India has picked up after a slow end of 2017.Out of 6.55 GW of PV tenders announced in the first three months of 2018, 2.58 GW were awarded to developers through reverse bidding. The remaining capacity will be awarded in the second quarter. This is a significant increase compared to the fourth quarter of 2017, when only 1.37 GW of tenders were awarded.

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