Indian solar power tariffs hit a new low
The solar power tariff dropped to an all-time low of Rs 4 per unit in bidding for 750 MW solar power project at Bhadla solar park in Rajasthan. “Solar Energy Corporation of India (SECI) has finalised a tender issue for 750 MW solar PV projects in Bhadla solar park, Rajasthan at record low tariff for power sale of Rs 4 per unit with VGF (viability gap funding) support,” a source said. Earlier in January, the solar power tariff had touched to a record low with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 a unit to bag the mandate to set up a 70 MW solar plant under NTPC’s Bhadla solar park tender. Previously, in November last year the solar power tariff had dipped to a low of Rs 4.63 per unit following an aggressive bidding by the US-based SunEdison, the world’s biggest developer of renewable energy power plants.
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