First the targets and now the tariffs. The two Ts have created a revolution of sorts in India’s renewable energy sector. Let us first look at the tariff bit, which is undoubtedly emerging as the driving force in the success story of renewable energy (both solar and wind projects) in India.
At the recently conducted auctions – for the Rewa Solar Power Park in Madhya Pradesh and of 1,000 MW wind power capacity by the Solar Energy Corporation of India – solar and wind power tariffs hit new lows. Both these were done as reverse auctions – the bid is won by the company quoting the lowest price/tariff to be charged from customers.
From the highs of Rs 14-16 a unit, solar power tariffs have dropped to an all-time low of Rs 2.97 a unit while that of wind power has fallen from Rs 8-10 a unit to Rs 3.46 a unit. Read More…
Credit By: swarajyamag.com
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