Green companies continue to bid aggressively for solar power projects


Green companies continue to bid aggressively for solar power projects

Renewable energy firms are continuing with aggressive bids for solar projects, with the winners in the latest auction including Finland’s Fortum and US-based Acme quoting a tariff of Rs 2.48 per unit.

Palimarwar Solar House also quoted the same tariff to win 40 MW, while Acme Solar won 250 MW of the 750 MW auctioned by Solar Energy Corporation of India (SECI). Fortum won 250 MW while UPC won 100 MW. Sumant Sinha-led Renew Power won 110 MW at Rs 2.49 per unit.

In this non-solar park auction, projects have to be built in Rajasthan within 18 months. This tariff is lower than the auction conducted by SECI earlier this week where the lowest winning tariff was Rs2.55 per unit. Read More

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