With different ceiling rates, 7,670 MW solar projects on offer across India

Uttar Pradesh, which will host 1,650 MW of solar projects, will have ceiling rate of Rs 3.43/unit

A batch of solar power projects with a total capacity of 7,670 megawatts (MW) is set to be put out to tender in the next two months where the benchmark tariff will vary according to location. Also, there will be no viability gap funding for bidders, like earlier auctions, to quote lower than the market rate.

For a 3,000 MW project cluster (250MWx12), the maximum tariff payable is set at Rs 2.93 a unit for 25 years. Bidders will have to quote below the benchmark rate. Location of the projects and sale of power will be managed by Solar Energy