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Solar power tariff touches record low of Rs 2 per unit in SECI auction

SECI is a fully-owned subsidiary of the Ministry of New and Renewable Energy entrusted with the tendering process of renewable projects in the country

Solar Power
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Shreya Jai New Delhi
Falling solar equipment prices and increased participation of foreign and private equity-backed firms have dragged down the solar tariff in the country to a record low of Rs 2 per unit. This fall comes at a time when Indian solar power developers are facing import restrictions on Chinese solar equipment.

In an auction held by Solar Energy Corporation of India (SECI) for 1,070-Mw solar power projects on Monday, Saudi Arabia-based Al Jomaih Energy and Water, and Green Infra Wind Energy, a unit of Singapore-based Sembcorp Industries, quoted the lowest rate for 200-Mw and 400-Mw capacity projects, respectively. 

IDFC Securities on Tuesday said

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First Published: Nov 24 2020 | 10:21 AM IST

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