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India sees new record low tariff in 2 gigawatt solar bid

Christian Fernsby ▼ | July 6, 2020
India witnessed a new record low solar power tariff in one of the recently concluded national level tenders.
India solar
Low   India solar
The new tariff bid is 3% lower than the previous record low bid which was first discovered in 2017 and then twice in 2018.

Topics: India

The Solar Energy Corporation of India (SECI) bid out 2 gigawatts of solar power capacity late last month in an auction dominated by foreign project developers.

Spanish, Italian, French, German, and British companies bagged sizeable shares in the tender while quoting aggressively low tariffs.

The lowest tariff bid was submitted by Solarpack, a Spanish developer.

The company submitted a bid to develop 300 megawatts of capacity at Rs 2.36 (US¢3.16) per kilowatt hour.

The previous low in India’s solar power sector was Rs 2.44 (US¢3.27) per kilowatt hour.

The tariff was quoted by Acme Cleantech in three different tenders.


 

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