Rajasthan’s 750MW solar auction draws lowest bids of 2.48 rupees

A 750MW solar PV auction for capacity in the Indian state of Rajasthan has drawn in winning bids of between INR2.48-2.49/kWh (US$0.035).

Solar Energy Corporation of India (SECI) conducted the auction, the results of which were as follows:

Bidder Capacity (MW) Tariff (INR/kWh)
Fortum 250 2.48
Palimarwar 40 2.48
Acme Solar 250 2.48
Sitara Solar 100 2.48
ReNew Power 110 (bid for 360) 2.49

Unsuccessful bidders that took part in the auction include Azure Power, Mahindra Susten, Rays Power Infra, and Green Infra Wind Energy.

The previous lowest ever tariffs in India were the now famous 2.44 rupees per unit bids at the Bhadla Solar Park, Rajasthan, as well as at a 500MW park in Gujarat.

India is in the midst of a major solar tendering and auction spree, from which the most recent tenders hope to include energy storage.

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