{"id":353416,"date":"2020-05-27T10:24:17","date_gmt":"2020-05-27T04:54:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=353416"},"modified":"2020-05-27T10:36:44","modified_gmt":"2020-05-27T05:06:44","slug":"solar-tariff-of-under-%e2%82%b92-50-is-unviable-says-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/solar-tariff-of-under-%e2%82%b92-50-is-unviable-says-report\/","title":{"rendered":"Solar tariff of under \u20b92.50 is unviable, says report"},"content":{"rendered":"<p>Renewable energy company ACME, which created ripples in the industry in May 2017 and July 2018 by offering to sell solar power at \u20b92.44 a kWhr, in capacity auctions conducted by state-owned SECI, is now again in the news for backing out of the project.<\/p>\n<p>The company has invoked the force majure clause to escape penalties for turning back on a 600-MW solar project it had won in July 2018, quoting a tariff of \u20b92.44.<\/p>\n<p>ACME\u2019s quote became a benchmark of sorts, with the government frowning on higher quotes, suspecting cartels at work in rigging the prices at auctions. This suspicion led to the government bringing a \u2018cap\u2019 on solar tariff \u2014 an upper limit, quotes above which would not be considered for project awards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renewable energy company ACME, which created ripples in the industry in May 2017 and July 2018 by offering to sell solar power at \u20b92.44 a kWhr, in capacity auctions conducted by state-owned SECI, is now again in the news for backing out of the project. The company has invoked the force majure clause to escape penalties for turning back on a 600-MW solar project it had won in July 2018, quoting a tariff of \u20b92.44. ACME\u2019s quote became a benchmark of sorts, with the government frowning on higher quotes, suspecting cartels at work in rigging the prices at auctions. This [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-353416","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=353416"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353416\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=353416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=353416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=353416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}