Azure Power and Tata Power were among winners in a reverse auction for 1.2GW of solar projects in India, with a winning tariff of INR2.43/kWh (US$0.0324).
Tata Power Solar wins bid to deploy one of largest floating ventures seen to date in country, with plans to commission Kerala scheme ‘no later’ than 21 months.
The first auction for capacity at the Raghanesda Solar Park in the Indian state of Gujarat was scrapped due to high tariffs, but a second attempt has drawn far lower tariffs.
Tata Power has built a 6MW rooftop solar project across 34 rooftops of an oil refinery site of Mangalore Refinery and Petrochemicals Limited, which is based in the south Indian state of Karnataka.
