Tariffs saw a modest rise at the latest auction of solar projects conducted by Solar Corporation of India (SECI), its first since last July.
The reverse auction of 1200 MW saw four winners, each winning 300 MW. ReNew Power’s bid was the lowest, offering to supply electricity at Rs 2.55 per unit, followed by Azure Power at Rs 2.58. Eden Renewable quoted Rs 2.60 per unit and Soft Bank-backed SB Energy, Rs 2.61.
In the previous SECI auction held in July 2018, the lowest bid had been Rs 2.44 per unit, which remains the all-time low.
