News Detail

<p><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">Plunging solar power prices following aggressive bids at auctions may turn out to be a nightmare for sector as the government needs to responsibly balance tariffs with viability as it sets out to implement its ambitious targets for renewable energy.<br /> <span style="font-size:10px">Source: ET</span></span></span></p> <p><strong><span style="font-size:14px"><span style="font-family:calibri">SNP Insight:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">Solar power auctioning process is seem to be a strategic move by the government to make it competitive to thermal power generation in terms of price per unit. As far as viability of the project is concerned&nbsp;is not likely to get impacted courtesy&nbsp;low international demand and high inventory of PV,&nbsp;&nbsp;sourcing of fund at lower cost of debt etc.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></p>