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GAIL has been a laggard among its peers in renewables investment. The company had in January 2018 commissioned a 5 MW rooftop solar power plant, Indias second-largest, atop two warehouses at Pata petrochemicals complex in UP.
Uttar Pradesh recently cancelled bids won in an auction in February 2020. Thats because the auctioned bid price of INR3.17 is much higher than the present bids the state is getting at INR2.40. This is not a healthy trend for the industry, as the constant decline in solar tariffs is making many projects unviable.