Karnataka Renewable Energy Development Limited (KREDL) has awarded 150MW (3x50MW) of solar projects to Giriraj Renewables at a tariff of INR2.92/kWh (US$0.04), and awarded 100MW (5x20MW) to Asian Fab Tec with a tariff of INR2.89/kWh (US$0.039).
An auction carried out under Karnataka’s 860MW solar tender has seen a recalibration of tariffs in India and a surprising outcome for the lowest tariff.
The Karnataka Renewable Energy Development Limited (KREDL) has issued a request for proposal (RfP) for 860MW of solar, split between 43 taluks with 20MW in each.
