Indian solar tariffs have matched their lowest ever in the most recent 2GW auction from Solar Energy Corporation of India (SECI), hitting INR2.44/kWh (US$0.036) for the first time since May 2017, and with much of the capacity expected to be set up in Rajasthan.
India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.
The Sindh government aims to hold auctions for 400MW of solar parks, install 15MW of rooftop solar on public buildings and reach 250,000 households with solar home systems, having released a new environmental framework.
UPDATED: The first 600MW phase of the world’s largest solar park, standing at 2GW(AC) capacity at the Pavagada Solar Park in the Indian state of Karnataka, will be inaugurated today, successfully demonstrating a unique lease structure.
Indian Renewable Energy Development Agency Limited (IREDA) has signed an agreement with Rewa Ultra Mega Solar Limited (RUMSL) to finance two major solar parks in the state of Madhya Pradesh with a first loan of INR2.1 billion (US$33 million).