Solar tariff declines to record low of Rs 2.62 per unit

Solar power tariffs dropped to a record low of Rs 2.62 per unit in the auction conducted by the Solar Energy Corporation of India for the Bhadla Solar Park, Phase IV, in Rajasthan. The price is even lower than NTPC’s average coal-based power tariff of Rs 3.20 per unit. South Africa-based Phelan Energy (50 MW) and Avaada Power Private Limited (100 MW) have bagged projects at Rs 2.62 per unit. Meanwhile, SBG Cleantech, a JV of Japan’s SoftBank, Taiwan’s Foxcomm and Bharti Airtel, has won 100 MW capacity at Rs 2.63 per unit.

GET ACCESS TO OUR ARTICLES

Enter your email address