Large-scale solar bids in India have once again matched their lowest price of INR2.44/kWh (US$0.034) in a 500MW auction in Gujarat held by the utility Gujarat Urja Vikas Nigam (GUVNL).
UPDATED: Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
Indian solar tariffs are overdue a major correction and many smaller players are likely to drop out of the sector over the next few years, according to panellists at Intersolar India 2017 in Mumbai.
The Karnataka Electricity Regulatory Commission (KERC) has reduced the benchmark tariff for grid-connected utility-scale solar in the Indian state from INR6.51/kWh (US$0.101) to INR4.36/kWh (US$0.068).
All eyes are on India after the historic solar bids seen in Madhya Pradesh earlier this month, but headline prices won’t solve the more entrenched problems of the sector. PV Tech caught up with Ashish Khanna, executive director and CEO, Tata Power Solar, at the firm’s Noida offices near New Delhi to garner a rational viewpoint from one of the world's pioneering solar manufacturers and India's top solar rooftop EPC player.
The first round of bidding for the 750MW Rewa solar park in the Indian state of Madhya Pradesh has guaranteed that the highest tariff will be no more than 3.64 rupees per unit (US$0.054).
