Solar power project auction yields record low tariffs

By Staff reporter 20 February 2017

A competitive auction for a 750 MW solar power project in India has yielded the lowest-ever tariff for the industry, according to Clean Technica.

The auction was held over 32 hours and yielded an average tariff of INR 2.97/kWh ($0.049/kWh) for the project, with three companies being awarded contracts.

The three winners were ACME Cleantech Solutions, Mahindra Renewables and Solenergi.

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