Indian Solar Tariffs Rise 4% From Record Low in Latest Auction
Photographer: Manjunath Kiran/AFP via Getty Images
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Solar tariffs in India rose 4% from a record low in Wednesday’s federal auction, in which five companies won rights to build and operate 1.2 gigawatts of projects.
Ayana Renewable Power Pvt., ReNew Power Ltd. and Azure Power Global Ltd. won 300 megawatts each, while Mahindra Susten Pvt. scooped up 250 megawatts quoting 2.54 rupees a kilowatt-hour, according to state-owned Solar Energy Corp. of India, which conducted the auction. Avaada Energy Pvt. won 50 megawatts at 2.55 rupees a kilowatt-hour.