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Solar power tariff falls 80% in 6 years to Rs 2.44 a unit

Such a massive fall is unprecedented in the history of solar power across the world

Shreya Jai  |  New Delhi 

In two days, solar tariff has fallen to Rs 2.44 a unit from Rs 2.62 a unit, and by 80 per cent in the past six years. Such a massive fall is unprecedented in the history of solar power across the world. In a bidding held for the 500-Mw Bhadla solar power park in Rajasthan, domestic company ACME won the top slot by quoting Rs 2.44 a unit for 200 Mw. It was closely followed by SoftBank Energy with Rs 2.45 for 500 Mw. As the tender followed a bucket-filling method, ACME will build 200 Mw and SBG Energy 300 Mw. The park is being developed by IL&FS. Government officials pointed out ...

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First Published: Sat, May 13 2017. 02:22 IST
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