Solar tariffs increase in Gujarat auction
BENGALURU: Solar tariffs increased to Rs 2.61 per unit compared with Rs 2.50 per unit in the last auction conducted in February.
Vena Energy, Juniper Energy and Tata Power won 40MW, 190MW and 120MW at tariffs of Rs 2.61, Rs 2.63 and Rs 2.64 per unit, respectively in an auction conducted by Gujarat’s main distribution company, Gujarat Urja Vikas Limited (GUVNL) on Wednesday for 350MW of solar capacity.
A GUVNL executive told ET last week that although the size of the tender is 500MW, only 430MW of bids were received, forcing the discom to scale down allotment. “We were expecting to get at least 700-800MW, but somehow people
