Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

A total of 25 GW of solar projects were auctioned during the quarter

April 17, 2024

/ Mercom Research Focus, Solar, Tenders & Auctions

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Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating that auctions be conducted within 110 days of bid submission dates.

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Urvashi Gupta

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Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

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