India is in the midst of a major solar tendering and auction spree. Credit: REC

India is in the midst of a major solar tendering and auction spree. Credit: REC

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:

BidderCapacity (MW)Tariff (INR/kWh)
Fortum2502.48
Palimarwar402.48
Acme Solar2502.48
Sitara Solar1002.48
ReNew Power110 (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.

Tags: india, auction, seci, rajasthan, pv indiatech 2019

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