Bridge India

Bad habits haunt the RE sector

For more than 2 years, there have been persistent concerns that aggressive bidding in solar auctions is storing up trouble for the sector. Fortunately for the sector and the winning bidders, equipment costs kept falling more sharply than market expectations – 20% and 25% in 2015 and 2016 respectively. Developers have ridden the wave of falling costs and project delays to make handsome profits.

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