India’s 25% safeguard duty on solar equipment from China and Malaysia came into effect on July 30, and the solar industry anticipated an immediate 10-15% tariff hike. The tariff in the Odisha auction, however, did not rise as much as feared.
Aditya Birla Renewables successfully bid for 75 MW at INR 2.79 ($0.041)/unit, followed by 50 MW for Eden Renewable Varenne at INR 3.19 ($0.047)/unit. Acme Solar won 30 MW at INR 3.20 ($0.048)/unit, while Sukhbir Agro and Gupta Power Infrastructure got 25 MW and 20 MW, respectively, both at INR 3.19 ($0.047)/unit.
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