BENGALURU: The Maharashtra government appeared to be fifth time lucky with its solar auction of 1000 MW held on Monday. The tariffs were all in the range of Rs 2.71-2.72 per unit, while those at the NTPC auction had been Rs 2.72-2.73. The other winners, all of whom bid Rs 2.72 per unit, were ReNew Solar Power which got 250 MW, Acme Solar Holdings which also got 250 MW, Tata Power Renewable Energy which won 150 MW and Azure Power India, which got the remaining 80 MW.The response to the Maharashtra auction suggests sentiment in the solar sector is looking up again, even though the twin fears of anti dumping duty and safeguard duty being imposed on imported solar equipment, remain. More than 90% of solar panels used in Indian projects is imported. It was the fear of this levy that had temporarily led to tepid response at solar auctions.

Source: Economic Times May 14, 2018 16:29 UTC