RENEWABLE ENERGY

India achieves historic low solar tariff of Rs 2.36 per kWh for 2-GW ISTS tender

The Solar Energy Corporation of India (SECI) on Tuesday saw a historic low winning tariff of Rs 2.36 per kilowatt hour (kWh) from SolarPack, a Spanish developer, for its 2 gigawatt (GW) interstate transmission system (ISTS) solar PV project under tranche-IX, according to JMK Research.

The major reason behind such low tariffs was zero safeguard duty for developers, access to low-cost financing, and a pass-through from basic custom duty under ‘change in law’ provision in this specific period, which is likely to significantly reduce project costs, it added.

India achieves historic low solar tariff of Rs 2.36 per kWh for 2-GW ISTS tender

The winning developers — Solarpack, ENEL, and IB Vogt — have no pipeline of solar projects till now and might be aggressive to build their portfolio.

AMP Solar has a project pipeline of only 100 MW along with some other small projects under the open access corporate PPA route. EDEN, ReNew, and Ayana were the only ones with a significant solar project portfolio.

Source
ET Energy World
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