The Indian state of Uttar Pradesh has drawn lowest bids of more than 3 rupees per unit for its latest 500MW solar auction, but these were still significantly lower than tariffs from its 1GW auction that was annulled over the summer.
Tariffs in a 1GW solar auction in the Indian state of Uttar Pradesh have hit INR3.48-3.55/kWh (US$0.051-0.052), which is significantly higher than bids in other recent Indian auctions for a range of reasons, including a history of PPA renegotiations.
Vermont-headquartered inverter supplier Dynapower and Mumbai-based technology firm Raychem RPG have commissioned what they claim to be India’s first 1MW microgrid using solar, diesel and energy storage at a Central Electronics Limited (CEL) facility in Sahibadad, Uttar Pradesh.
Having officially founded the Internarional Solar Alliance (ISA), French president Emmanuel Macron and Indian prime minister Narendra Modi have inaugurated Engie’s 101MW Mirzapur solar project in the Indian state of Uttar Pradesh.
Indian renewable energy project developer Avaada Power has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to invest US$1.55 billion for the development of 1.6GW of solar projects in the state.