Maiden round-the-clock renewable energy auction gets tariff of Rs 2.90/unit

The reverse auctions for the country’s first round-the-clock (RTC) renewable energy supply tender concluded Friday evening, with ReNew Power quoting the lowest tariff of Rs 2.90/unit (for first year) for the entire 400 MW capacity which was offered by the Solar Energy Corporation of India (SECI), sources said.

Through this contract, the developer can supply power from any renewable energy- based plant, be it wind or solar projects, and address the central issue of unreliability associated with green energy.