Solar tariffs continue to reach new record lows with a tariff of Rs 1.99 per unit

BENGALURU: Solar tariffs continue to reach new record lows with Saturday's auction fetching a tariff of Rs 1.99 per unit.

In the 500MW auction conducted by Gujarat's distribution company, NTPC, Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200MW, 100MW, 80MW and 120MW respectively at a tariff of Rs 1.99 per unit, sources said.

GUVNL (Gujarat Urja Vikas Nigam Limited) could not be reached for a comment.


The lowest so far had been Rs 2.00 per unit which was reached in an auction conducted by the renewable energy ministry's nodal agency, Solar Energy Corporation of India, in November.

Over 3000MW of bids were received for this tender.

In the most recent solar auction conducted by Gujarat in August, the lowest winning tariff emerged at Rs 2.78 per unit.