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 Indian state of Madhya Pradesh plans to extend its guarantee to developers bidding for capacity in the 750MW Rewa Ultra Mega Solar Park, so that payments will be met by the government in the case of any default from the off-takers.
Indian Oil Corporation and Oil India are planning to set up a 1GW solar energy plant in the state of Madhya Pradesh in order to power their oil refineries, according to a senior figure of the state’s renewable energy agency.
