Solar tariffs fall to record low of ₹2.36/Unit
BENGALURU: Solar tariffs fell to a record low of Rs 2.36 per unit at a recent Indian auction in which six foreign firms bagged most of the 2,000 MW of projects for which bids were called, people close to the development said. Renew Power is the only Indian firm among the winners.
The lowest tariff until now had been Rs 2.44 per unit, reached in a Solar Corporation of India (SECI) auction in May 2017, and again in July 2018.
SECI is the nodal agency through which the ministry of new and renewable energy conducts wind and solar power auctions. It declined to confirm the winning tariffs in the latest auction.
