karnataka

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.

The Indian state of Karnataka’s 1.2GW solar auction, which invited bids for capacities of up to 20MW at a time in separate localities, has lowered the transparency of the tender process for solar developers, according to the latest update from consultancy firm Bridge to India.

The Indian state of Himachal Pradesh plans to establish 700MW of solar PV capacity under its revised Solar Power Policy 2016.

Steel giant ArcelorMittal plans to build a 500-600MW solar plant in the Indian state of Karnataka after it backed out from plans to build a six million tonnes per annum steel mill.