Applications & Installations

India: No 25% duty after effect? Odisha auction sees low tariffs

In the first big auction, a day after the imposition of a 25% safeguard duty on solar imports, the winning tariff of Rs 2.79 (US$0.041) at the 200 MW Odisha auction took the industry by surprise.
By
Preeti Verma Lal
27 MW PV plant developed by IBC Solar in Odisha. Prices in the state’s July 30 auction did not rise as high as expected, after India’s 25% safeguard duty came into effect. | Image: IBC Solar

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.

Read the full story on pv magazine India.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Written by

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Comments