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New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction

New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction

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

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Exemplary Figures

Exemplary Figures

Tantra N Thakur, former Chairman and Managing Director of PTC India Ltd and PTC India Financial Services Ltd and David B Sandalow, the Inaugural Fellow at Columbia University´s Center on Global Energy Policy, have joined the ReNew Power Board of Directors.