MERC has allowed Adani Electricity Mumbai Limited (AEML) to renegotiate a lower tariff for 700 MW of grid-connected solar-wind hybrid power. The Mumbai-based private power company had filed a petition seeking the adoption of a tariff of Rs 3.35 per kWh for the procurement of 700 MW of wind-solar hybrid power, which included a greenshoe option for 350 MW to meet its RPO targets. Rosepetal Solar Energy Private Limited (a subsidiary of Adani Green Energy) had emerged as the lowest bidder for 350 MW after quoting a tariff of Rs 3.35 per kWh and also offered an additional 350 MW under the greenshoe option. In its order, MERC stated that the tariff of Rs 3.35 per kWh discovered and proposed by AEML for 700 MW of hybrid power was too high. It also suggested that the company should renegotiate with Rosepetal Solar Energy for a lower tariff of Rs 3.24 per kWh.