India’s solar power story has been largely creditable, with a rapid pace of capacity addition and competitive tariffs being discovered, but several adversities including reluctance of discoms to sign power supply agreements (PSAs) are threatening to disrupt it.
Nearly a third of the 23,600 megawatt (MW) renewable power projects, won by various players after quoting the lowest rates in reverse auctions conducted by the Solar Energy Corporation of India (SECI) for inter-state transmission system (ISTS), are staring at an uncertain future as the agency has not yet found buyers for electricity from these solar/wind power generation units. Most of these are under-construction units; only 2,200 MW of the awarded capacity has been commissioned till date.
