The latest reverse auction for 1,200 MW of solar capacity, conducted by the Solar Energy Corporation of India (SECI), has discovered tariff of Rs 2.54 per unit, reflecting the continued competitive aggression of the developers in spite of various sections of the industry raising questions about the viability of low rates.
Though the latest tariff is higher than the all-time low solar rate of Rs 2.44 per unit, it is still lower than the weighted average solar tariff of `2.73/unit discovered in calendar year 2018 (vs `3.01/unit in 2017 and `5.01/unit in 2016).
