NewEnergyNews: Record-Breaking Solar Sales In India

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    Friday, May 26, 2017

    Record-Breaking Solar Sales In India

    2 Solar Power Records In 2 Days In India

    Saurabh Mahapatra, May 25, 2017 (Cleantechies via Cleantechnica)

    “Two marathon competitive auctions for a cumulative solar power capacity of 750 megawatts yielded new record-low solar tariff bids in India this month…[Both auctions for solar power capacity offered at the Bhadla solar power park in the western state of Rajasthan] beat the previous lowest tariff bid of Rs 3.15/kWh (4.9¢/kWh)…The first auction, for 250 megawatts, received at least 14 bids in the range of Rs 2.62/kWh (4.1¢/kWh) and Rs 3.59/kWh (5.6¢/kWh). South Africa’s Phelan Energy and India-based Avaada Energy secured 50 megawatts and 100 megawatts at Rs 2.62/kWh (4.1¢/kWh) while SoftBank-backed SB Cleantech won rights to develop 100 megawatts at Rs 2.63/kWh (4.1¢/kWh)…These bids were 9.2% lower than the previous lowest solar power tariff in India…Within two days, the record of Rs 2.62/kWh (4.1¢/kWh) was shattered…Acme Cleantech Solutions secured 200 megawatts at Rs 2.44/kWh (3.8¢/kWh) while SB Cleantech won rights to develop 300 megawatts at Rs 2.45/kWh (3.8¢/kWh)…” click here for more

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