Story has been updated as it incorrectly stated that the tender involved floating solar projects.
May 15 (Renewables Now) - There are six winners in a tender for 1 GW of solar power capacity in the state of Maharashtra with bids of INR 2.71 and INR 2.72 (USD 0.04/EUR 0.034) per kWh.
Technique Solar's JLTM Energy India and Adani's Mahoba Solar won 20 MW and 200 MW, respectively, at the lower tariff. ReNew Solar Power and Acme Solar Holding each secured 250 MW in the tender, and Tata Power Renewable Energy and Azure Power won 150 MW and 130 MW, respectively, all four offering to sell the output at INR 2.72/kWh.
Earlier this month Indian power producer NTPC Ltd (BOM:532555) released the results of a 750-MW solar tender in Andhra Pradesh. The lowest bids in it were at INR 2.72 per kWh. Consultancy Mercom Capital said at the time that winning tariffs have grown 12% since May 2017 and that the auction gave "a taste of things to come if a safeguard duty is imposed in the future."
(INR 100 = USD 1.48/EUR 1.24)