ReNew Solar Power bags 400 MW renewable energy projects at Rs 2.90/unit: MNRE

NEW DELHI: ReNew Solar Power has bagged 400 MW renewable energy projects at a tariff of Rs 2.90 per unit in an auction, according to an MNRE statement.

The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply.

“India’s renewable energy (RE) sector has witnessed history today, as the e-reverse auction (e-RA) for 400 MW RE projects with round-the-clock supply was concluded at an astounding first year tariff of Rs 2.90/kilowatt hour (kWh),” the Ministry of New and Renewable Energy (MNRE) said.

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