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Solar tariff returns to Rs 2.44 in the recent SECI 2 GW solar auction

Solar tariffs in India returned back to Rs.2.44 per kWh in the Solar Energy Corporation of India’s (SECI) most recent 2-GW solar auction for Interstate Transmission System (ISTS)-connected projects.  This is the lowest tariff ever since May 2017in a solar auction for a 500-MW portion of the Bhadla solar park in Rajasthan.

Industry experts believe that the drop in the tariffs could be due to the policy changes in China. Experts also expects decline in module prices as Chinese manufactures seek to export to counter falling domestic demand.

In the SECI’s 2-GW solar auction Inter State Transmission System (ISTS)-connected projects Acme Solar once again quoted the lowest price, which is 8 paise below the next lowest bid of 2.52 rupees per unit from Shapoorji Pallonji.

Here is the list of  winners:-

Bidder Tariff (INR.kWh) Quantity (MW)
Acme 2.44 600
Shapoorji Pallonji 2.52 250
Hero Solar 2.53 250
Mahindra Susten 2.53 250
Azure Power 2.53 600
Mahoba Solar (Adani Group) 2.54 50

Solar industry in the country witnessed prices go above three rupees in recent auctions in less attractive states and just below three rupees in states with favorable environments for solar generation.

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