States selling renewable power at less than ₹3/kWh

The States of Karnataka, Tamil Nadu, Gujarat, Maharashtra, Rajasthan and Andhra Pradesh, with a combined capacity of 65.3 gigawatts (GW) of variable renewable energy, are selling power at less than ₹3/kWh or $41.5/MWh.

According to the Institute for Energy Economics and Financial Analysis (IEEFA), India’s tariffs are lower then the average renewable tariff achieved by South Australia over the last three months in real terms as there is zero inflation indexation for 25 years incorporated into these transformational contracts.

The Australian State of South Australia (SA) has been a leader in transitioning its electricity sector to a low-cost, low-emission and a renewable energy-driven system and in a short space of time, has achieved the price of AU$56.84/MWh in November, 2019.

The Hindu
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