25 Sep '17, 11am

via @greentechmedia

India’s renewable energy auctions have become a victim of their own success, driving prices down so low that projects will not make money, said an insider. “Developers have been willing to cut their margins and that is not healthy in the long run,” said Sumant Sinha, founder and CEO of ReNew Power, in GTM's Energy Gang podcast . “Some of the bidders who bid aggressive numbers are going to end up having a problem eventually.” Solar developers have been happy to submit ever-lower bids in government auctions because they expected panel prices to drop continuously, said Sinha, whose company has completed 2 gigawatts of wind and solar projects and is planning 10 gigawatts more in the coming years. Indian module prices fell below $0.30 per watt around four months ago. “People expected they would go down to the mid-twenties in the next three-four months,” said Sinha, “instead of ...

Full article: https://www.greentechmedia.com/articles/read/indias-renew...

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