Rajasthan discovered solar tariff of Rs 2.17/unit on Friday, in the fourth tranche of auctions conducted by the Solar Energy Corporation of India (SECI). In the previous tranche of the auctions for SECI Rajasthan held in November 2020, the tariff discovered was as low as Rs 2/unit. The higher tariff reflects that companies are taking into account the impact of rising costs of commodities and solar panels, while placing their bids.
The response to the current round of auction for 1,785 megawatt (MW) of capacity from domestic and foreign developers has been strong.
According to sources, the renewable energy arm of state-run NTPC quoted the lowest tariff for building 500 MW of solar projects. Calpine Subsico Solar Energy Pvt Ltd, Sprng Natural Power Source Pvt Ltd and Singapore-based Metka EGN quoted the lowest tariff for building 90-MW, 200-MW and 20-MW solar projects, respectively. ReNew Power has been shortlisted for 600 MW against its quoted tariff of Rs 2.18/unit. The remaining capacity put up for auction will be allocated to Acme Solar at Rs 2.18/unit.
