Indian solar power tariffs have equalled their lowest ever price in recent 2 GW auctions, falling to INR2.44 ($0.036) per kWh for the first time in a year. The leading winner in the latest auctions was Acme with an allocation of 600 MW and other winners were Shapoorji Pallonji, Hero and Mahindra at 250 MW, Azure Power at 600 MW and Adani-owned Mahoba at just 50 MW. Most of the winning projects are likely to be in Rajasthan state and future development will be helped by falling prices of Chinese-made solar modules caused by India reducing its support for solar plants.
Indian solar power tariffs have equalled their lowest ever price in recent 2 GW auctions, falling to INR2.44 ($0.036) per kWh for the first time in a year. The leading winner in the latest auctions was Acme with an allocation of 600 MW and other winners were Shapoorji Pallonji, Hero and Mahindra at 250 MW, Azure Power at 600 MW and Adani-owned Mahoba at just 50 MW. Most of the winning projects are likely to be in Rajasthan state and future development will be helped by falling prices of Chinese-made solar modules caused by China reducing its support for solar plants.