The Indian state of Karnataka has released another set of letters of Approval (LOAs), this time for 260MW of solar PV capacity that were allotted in its dispersed 1.2GW solar auction in March.
India’s latest 400MW solar auction saw limited competition compared to recent tenders with just six bidders for the PV capacity in an Andhra Pradesh solar park.
Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
