‘Solar Tariffs At Rs 3 A Unit May Be The New Normal’

‘Solar Tariffs At Rs 3 A Unit May Be The New Normal’

NTPC chairman Gurdeep Singh said Rs 3-3.20 a unit tariff for solar power may be the new normal and can be achieved without the support of “cheap funds or cheap panels“, which have been a concern for the industry.

Solar and wind energy units generate less than 10% of the global electricity output and have remained on the side-lines historically as these projects were taken up to fulfill a social responsibility towards clean energy.

But these green energy sources have seen a decline in prices making them comparable to conventional energy and causing a disruption in the power sector. India too has rapidly scaled up its renewable energy capacity , led by solar power in the last few years. But the steep fall in tariff has triggered concerns over project viability. “We should be happy with lower solar bids, especially when the process is done in such a transparent manner. In the current environment, solar power tariff would be Read More…

Credit By: ET

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