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

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