JMK Research

2021 witnessing upward solar tariff trends The tariffs discovered in the two most recent solar auctions by Torrent Power Ltd. (TPL) and NTPC Ltd. witnessed L1 tariffs at Rs. 2.22/kWh and Rs. 2.25/kWh, respectively. These are well above the ultra-low tariffs of Rs. 1.99 to 2 per kWh discovered in earlier SECI 1070 MW Rajasthan tender auction and GUVNL 500 MW solar tender auctions completed last year. Key reasons for this uptrend can be: Limited participation of international developers (Aljomaih,…

Latest 6.4 GW Andhra Pradesh solar auction saw uptrend in tariffs In an apparent recalibration in solar market dynamics, India’s largest solar auction of 6.4 GW by Andhra Pradesh Green Energy Corporation Limited’s (APGECL) registered lowest price (L1) of Rs. 2.47 per kWh by Torrent Power for 300 MW capacity. The L1 tariff is significantly higher than the record-low tariffs of Rs. 1.99 – 2 per unit, discovered in the previous auctions of GUVNL 500 MW Solar (Phase XI) auction…