Aggressive bidding: Solar tariff hits a new low of Rs 2/unit
The latest round of solar auctions in the country — – conducted by state-run Seci for supplies to consumers in Rajasthan — has discovered tariff of Rs 2/unit, a new low. The previous lowest tariff was Rs 2.36/unit found under pan-India auctions held in July.
The winning developers bid aggressively to win contracts to set up a total capacity of 1,070 MW, marking a shift from the recent trend of solar tenders being under-subscribed.
