A 500MW solar auction in the Indian state of Gujarat, held by Gujarat Urja Vikas Nigam Ltd. (GUNVL) has seen a winning low bid of INR2.65/kWh (US$0.041), despite several uncertainties for the wider Indian solar sector.
Indian firm Gujarat Industries Power Company (GIPCL) has signed power purchase agreements (PPAs) with Solar Energy Corporation of India for 80MW of solar projects in Gujarat, according to a BSE filing.
