Madhya Pradesh draws record low India rooftop solar bids

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: Tata Power

Madhya Pradesh Urja Vikas Nigam Limited’s (MPUVNL) 35MW rooftop solar auction has drawn bids as low as INR1.58/kWh (US$0.022), however the tariffs include an escalator and are heavily subsidised.

The rooftop solar comes under India’s RESCO model, where the developer leases out the PV system to the rooftop owner.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The 1.58 rupee tariff for solar on the buildings of Power Grid Corporation of India (PGCIL) is the lowest ever tariff for both rooftop and utility-scale solar in India to date.

Vinay Rustagi, managing director at consultancy firm Bridge to India, said: “On the face of it these tariffs, of course, look very low but there is actually 45% subsidy being offered under this tender by state as well as central government. Secondly, the tariff has a 25-year escalation clause so the tariff actually goes up every year by 2.5% so considering these things, the tariff actually starts making much more sense.”

Although the projects are yet to be allocated, the tariffs so far and the organisations whose premises will have solar installed were as follows:

Organisation Tariff (INR/kWh)
PGCIL 1.58
Institutions of Central Govt./National Importance 1.67
Municipal Corporations/Nagar Palika Parisad in MP 1.69
Govt. Medical Colleges under Dept. of Medical Education 1.74
Govt. Universities in MP 1.91
Colleges under department of Higher Educations in MP 2.21
Private entities 2.28
MP Police Establishments 2.33
Govt. Engineering/Poly-Technic/ITI Colleges in MP 2.35

Before the auction, the tender drew bids from 31 companies.

The 750MW Rewa Solar Park in Madhya Pradesh, which drew what were at one time the lowest ever solar tariffs in India, started supplying power to the grid in July.

Read Next

July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 9, 2025
Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.
July 8, 2025
German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.
July 8, 2025
Energy consultancy JMK Research has forecast 28.3GW of utility-scale and residential solar PV to be installed in India during fiscal year 2026.
July 8, 2025
SJVN Green Energy has commenced commercial operations of 100.02MW from its 1,000MW solar power project in Bikaner, Rajasthan.
July 7, 2025
ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK