Why India’s Solar Power Tariffs Reached a Historic Low of Rs. 2 Per kWh
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…