The latest reverse auction for 1,200 MW of solar capacity, conducted by the Solar Energy Corporation of India (SECI), will see the tariff drop to Rs 2.5 per unit. Though this is higher than the all-time low rate of Rs 2.44/unit, it is much lower than Rs 2.71/unit in the last auction during October, 2019.
According to sources, SoftBank Group’s SB Energy, Canadian energy firm AMP Energy’s India unit and New York-based Eden Renewables’ Indian arm have been awarded 600 MW, 100 MW and 250 MW, respectively, all at Rs 2.50/unit. ReNew Power, the country’s largest renewable energy generator, was awarded 200 MW at Rs 2.51/unit.
