India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.
Three separate developers have won 260MW of capacity on an engineering, procurement and construction (EPC) basis for a solar park in the Indian state of Rajasthan.
Indian industrial conglomerate Reliance Group has signed a memorandum of understanding (MoU) with the Rajasthan government to develop 6GW of solar PV parks and projects in the Indian state.
