RENEWABLE ENERGY

New Solar Tariff Record of ₹2/kWh: Why Did it Go So Low?

The recent Solar Energy Corporation of India (SECI) auction for 1,070 MW of solar projects in the state of Rajasthan (Tranche-III) resulted in India’s lowest solar tariff ever of ₹2 (~$0.0270)/kWh.

Saudi Arabia-based Aljomaih Energy and Water Company and Green Infra Wind Energy Limited, a subsidiary of Singapore-based Sembcorp, won 200 MW and 400 MW of solar projects, respectively, at this tariff.

NTPC Limited, a public sector unit, was the only Indian winner quoting ₹2.01 (~$0.0271)/kWh. The company had placed bids for 600 MW of projects but was only awarded 470 MW through the ‘bucket-filling’ method.

Is this a cause to celebrate or worry about where this may lead? Mercom spoke to developers to find out why the tariff went so low.

Source
mercom india
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close