Solar Auctions Rising While Tender Announcements Falling

In Clean Facts, News, Renewable Energy

After a surge in the solar tender announcements in August, the tender activity dropped by almost half while auctions increased in September 2019.

Nearly 3 GW of solar tenders were floated in September compared to almost 6.5 GW issued in August 2019.

Auction activity increased with 930 MW of solar project auctions conducted in September compared to August, in which only 695 of solar projects were auctioned.

Last month, 98 MW of solar projects were re-tendered compared to 300 MW re-tendered in August 2019.

Year-over-year, the capacity tendered in September 2019 was nearly 119% higher compared to September 2018, which witnessed tender announcements of ~1.4 GW. Auction activity was higher by over 70% compared to the same month last year.

Nearly, 10.8 GW of tenders had their bid submission dates in September but were later extended to October 2019.

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