In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs 3.30 (~$0.494)/kWh (levelised tariff over 25 years) over a rupee lower than the previous low tariff of Rs 4.34 (~$0.065)/kWh, which was recorded in the state of Rajasthan in January 2016. The winning bid for first year tariff hit a new low at Rs 2.97 (~$0.0444)/kWh and will escalate by Rs 0.05 (~$0.0007) over 15 years, bringing the levelised tariff to Rs 3.30 (~$0.494)/kWh over 25 year
Tag: Hero Future Energies
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Mission Solar
India´s approach of focussing largely on utility-scale solar parks and aggressive pricing has attracted a lot of scepticism. The renewable energy sector has shown tremendous growth over the last two years.
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Suzlon bags maiden order from Hero Future Energies
Wind turbine maker Suzlon has won its maiden order from Hero Future Energies for 31.50 MW of wind power.
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Gamesa wins 100-MW wind power project from Hero Group
Renewable energy firm Gamesa has bagged a 100-MW wind power project from Hero Group to set up 50 wind turbines in Madhya Pradesh. The order was placed by Hero Future Energies, a venture of the Hero Group catering to the renewable energy, Gamesa India said in a statement.
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There is enough money available for players who can deliver on time
Ashish Agrawal, Head-Solar, Hero Future Energies, says there is a buzz in the market and is focused on the rooftop segment.