Fresh auction: Solar tariff hits new low of Rs 2.36/unit
The latest solar auction has discovered a tariff of Rs 2.36/unit, a new low. The lowest tariff found previously was Rs 2.44/unit in the July 2018 auction.
The response to the current round of auction for 2,000 MW capacity from domestic and foreign developers has been strong, marking a gradual shift from the recent trend of solar tenders being under-subscribed.
According to sources, Spanish firm Solarpack’s Indian arm quoted the lowest tariff for building 300 MW solar project, marking its entry in its first large-scale solar auction. Avikiran Surya (backed by Italian utility Enel), New York-based Eden Renewables’ Indian unit, a subsidiary of Germany’s Ib Vogt have been awarded 300 MW each, at Rs 2.37/unit. Amp Energy Green bid Rs 2.37/unit for 100 MW capacity.
