Solar tariffs hit a record low of ₹2.97 per unit on Friday following the completion of the bid for three 250 MW units of Madhya Pradesh’s Rewa Solar Power Plant, continuing the steady downward trend in prices.
Mahindra Renewables won Unit 1 at a price of ₹2.979 per unit, ACME won Unit 2 at ₹2.970 per unit and Solenberg Power won Unit 3 at ₹ 2.974 per unit.
“India marches on towards realising the clean energy vision of PM Narendra Modi. First year solar tariff bids at record low of ₹ 2.97/unit,” tweeted Piyush Goyal, Minister of New and Renewable Energy, following the completion of the auction.
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