Tariffs at a recent 500 MW solar auction held by Gujarat Urja Vikas Nigam Limited (GUVNL) rose after developers gave it a wide berth over safeguards concerns. Despite being tipped to draw "intense competition" and having change-of-law provisions in place, the lowest price drawn by the tender was INR2.98/kWh ($0.046), submitted by Kalthia Engineering and Construction for 50 MW of capacity, INR0.35-0.40/kWh higher than last year GUVNL's tender.
Tariffs at a recent 500 MW solar auction held by Gujarat Urja Vikas Nigam Limited (GUVNL) rose after developers gave it a wide berth over safeguards concerns. Despite being tipped to draw "intense competition" and having change-of-law provisions in place, the lowest price drawn by the tender was INR2.98/kWh ($0.046), submitted by Kalthia Engineering and Construction for 50 MW of capacity, INR0.35-0.40/kWh higher than last year's GUVNL's tender.