Indian cos win solar contracts at USD 0.065/kWh in Rajasthan tender
Solar plant in India. Source: NTPC. License: All rights reserved.
The winning offers in a 130-MW solar tender in the Indian state of Rajasthan fell to INR 4.35 (USD 0.065/EUR 0.058) and INR 4.36 per kWh, which is very close to the record-low bid of INR 4.34/kWh in a January tender.
Mahindra Susten, part of India’s Mahindra Group, won 60 MW in the tender, and Shapoorji Pallonji Infrastructure Capital won 50 MW, say local media. Both offered INR 4.35/kWh. Prayatna Developers of the Adani Group got the remaining 20 MW with an INR-4.36/kWh bid.
In January Finnish firm Fortum Finnsurya Energy won a 70-MW project Rajasthan with a bid of INR 4.34 per kWh. At that tender, the land for the solar park was available at the Bhadla Solar Park in Jodhpur district, while the latest competition included no such advantages. Fortum was again among the bidders, offering INR 4.55/kWh.
India had 5.8 GW of solar photovoltaic (PV) capacity in March, including nearly 1.3 GW in Rajasthan, the number-one solar state in the country.