New record low solar tariff of Rs.2.44

Solar tariffs recorded a new low at Rs 2.44 per kWh after ACME Solar won the latest auction for developing 200 MW of capacity at the Bhadla Phase-III Solar Park. Out of the total 500 MW of projects, SBG Cleantech won the remaining 300 MW at a bid price of Rs 2.45 per kWh. Overall, 10 companies quoted a tariff of less than Rs 3 per kWh. ACME’s bid is almost 6.9 per cent lower than the previous low tariff quoted in the 250 MW Bhadla Phase-IV solar park auction. Then, South Africa-based Phelan Energy and India-based Avaada Power had quoted the lowest winning bid of Rs 2.62 per kWh for 50 MW and 100 MW respectively. The second lowest bid of Rs 2.63 was quoted by SBG Cleantech for the remaining capacity.

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