Solar tariff creates history again, touches Rs 3.15/unit in AP Solar Park

Winning bid lower than Rewa; Rs 3.15 per unit to be levellised tariff for 25 years

Solar power tariffs dipped to Rs 3.15 a unit, a new low, on Tuesday during bidding for the 250-megawatt (Mw) ultra mega solar power park in Kadapa, Andhra Pradesh. 

The winning bid at the Kadapa solar park being set up by NTPC is the levelised tariff for 25 years with no escalation. This is lower than the lowest bid received for the 750 Mw solar park in Rewa, Madhya Pradesh. 

The lowest bid in last month’s auction in Rewa was Rs 2.97 per unit, but the levelised tariff works out to Rs 3.3 per unit for 25 years. 

Levelised tariff includes