Solar power tariff fall seems to have bottomed out and may not drop beyond an all-time low of Rs 2.44 per unit in absence of well structured bids and rising solar panel prices on demand pressure.
The solar power tariff fell to an all-time low of Rs 2.44 per unit in May last year during an auction for 500 MW capacities at Bhadla (IV) in Rajasthan. It had the viability gap funding component, as per the Ministry of New and Renewable Energy data.
According to data, the solar tariff rose to Rs 3.47 per unit for 1,500 MW capacities in Tamil Nadu under a state scheme in July and then dropped again to Rs 2.66 per unit in an auction for 500 MW capacities in Gujarat.
In an auction of state-run power giant NTPC for 250 MW capacity, the tariff was Rs 3.14 per unit. But it dropped again with viability gap funding to Rs 2.47 per unit and Rs 2.48 per unit for 500 MW Bhadla-III and 250 MW Bhadla-IV auctions in December 2017. Read More…