 "Renewable energy")
There were two major developments in India’s renewable energy sector last month: Solar and wind tariffs converged, and fell to below Rs 3.50 per unit in competitive auctions. While it was the umpteenth auction for solar power, it was the first auction for wind projects in India. It would be surprising if the record low tariffs do not trigger a strategic rethink within the government, as well as at companies active in this sector, on the future path for electricity.
The solar project will be India’s largest, at 750 megawatts (Mw), and located in Rewa, Madhya Pradesh. After a marathon bidding
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