JMK Research

Webinar Insights: “What led to historic low tariffs of Rs.1.99-2/unit in solar in India?” India is advancing steadily towards cleaner and more economical form of energy procurement. In the recent years, this transition was driven primarily by the offtake of solar power. The installed solar capacity of India increased at a CAGR of 54% between FY2014 & FY2020 to reach 34.6 GW[1]. The declining price trend of solar power, brought on by solar technology evolution, PV manufacturing growth, enhanced financing…

Why India’s Solar Power Tariffs Reached an Historic Low of Rs. 2 Per kWh India set a new record low solar power tariff of Rs2/kWh ($0.027/kWh) in the recent Solar Energy Corporation of India (SECI) auction on 23 November 2020. The tariff based bidding was conducted for selection of solar power developers to set up 1,070 megawatts (MW) of grid-connected solar PV projects on a “build-own-operate” (BOO) basis in Rajasthan (Tranche-III). With 14 developers participating, the tender was oversubscribed by…