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India achieves record low price for large scale solar plant

India achieves record low price for large scale solar plant

A 500MW solar auction in the Indian state of Gujarat has resulted in a nation-wide record-low tariff of INR1.99/kWh ($AU0.036/kWh), 0.5% lower than the previous record set last month.

Various media outlets, quoting sources speaking to Indian media outlet PTI, have reported that the 500MW solar auction held by Gujarat Urja Vikas Nigam Limited, an electrical services company in Gujarat, yielded a new record low tariff.

“Now the solar power tariff has dropped to a new low of Rs 1.99 per unit in an auction for 500MW projects by GUVNL last week,” a source told PTI.

PTI’s source further…

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