Solar tariffs dip to Rs 2.44 per unit in India

U.S. solar

Solar tariffs have dipped to a low of Rs 2.44 per unit for a third time, after it had jumped by more than a rupee in a recent bid.

The latest reverse auction for 3,000 MW capacity, bid out by the Solar Energy Corporation of India (SECI), saw a tariff quote of Rs 2.44 per unit, PTI reported.

Previously, the tariffs had hit the lowest rate of Rs 2.44 per unit in May 2017 for Rajasthan’s Bhadla projects while the second was during the reverse auction for 2,000 MW capacity last week.

According to sources, ACME Solar bagged a 600 MW project with the lowest tariff quote in the recent auction.