Solar power projects bid at low tariffs may be at risk as the prices of photovoltaic panels have risen amid a push in the U.S. to impose anti-dumping duty on cheaper imports from China.
Tariffs could also rise from record lows as uncertainty over costs may deter renewable energy producers from quoting low rates in future auctions.
The price of Chinese solar panels rose to 20 percent in the last six months to 35 cents per watt, Sanjeev Aggarwal, managing director and chief executive officer of Amplus Energy Solutions Pvt. Ltd, a solar rooftop project developer, told BloombergQuint.
Solar power producers that participated in auctions this year quoted lower tariffs assuming that panel prices will remain