Solar power tariff dips to all-time low of Rs 1.99 per unit: Report
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Last Updated: Dec 21, 2020, 04:47 PM IST
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State-run power giant NTPC (200MW), Torrent Power (100MW), Saudi Arabian firm Al Jomaih Energy and Water Co. (80MW) and Aditya Birla Renewable (120) have emerged as the lowest bidders by quoting Rs 1.99 per unit tariff under the auction, according to a report of PTI.
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In July this year, solar power tariffs had dropped to a low of Rs 2.36 per unit in an auction of 2GW capacities by SECI.
NEW DELHI: Solar power tariff has dropped to an all-time low of Rs 1.99 per unit in an auction of projects of 500 MW capacity by Gujarat Urja Vikas Nigam Ltd (GUVNL) last week. Now the solar power tariff has dropped to a new low of Rs 1.99 per unit in an auction for 500MW projects by GUVNL last week, a source told PTI.
Solar assets see growing foreign investor interest
India’s green energy deals are getting better valuations than pre-covid levels as yield-seeking funds and financial investors flush with capital are driving up prices.
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Norway’s Scatec ASA and Saudi Arabia’s Aljomaih Energy and Water Co. are separately scouting for solar assets in India, two people aware of the development said, adding to the growing foreign investor interest in the country’s green energy assets.
India’ solar power tariffs hit a record low of ₹1.99 per unit on Saturday at an auction conducted by Gujarat Urja Vikas Nigam Ltd and are expected to decline even further. According to Mercom India, Aljomaih Energy and Water Co. was among the firms that bid the record-breaking tariff of ₹1.99 per unit. The others to bid the lowest tariff of ₹1.99 per unit were state run NTPC Ltd, Torrent Power Ltd, and Aditya Renewables.
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New Delhi, December 21
Solar power tariff has dropped to an all-time low of Rs 1.99 per unit in an auction of projects of 500 MW capacity by Gujarat Urja Vikas Nigam Ltd (GUVNL) last week.
“Now the solar power tariff has dropped to a new low of Rs 1.99 per unit in an auction for 500MW projects by GUVNL last week,” a source told PTI.
State-run power giant NTPC (200MW), Torrent Power (100MW), Saudi Arabian firm Al Jomaih Energy and Water Co. (80MW) and Aditya Birla Renewable (120) have emerged as the lowest bidders by quoting Rs 1.99 per unit tariff under the auction, the source added.
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Offshore Wind Energy market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Offshore Wind Energy near future?
What is the impact analysis of various factors in the Global Offshore Wind Energy market growth?
What are the recent trends in the regional market and how successful they are?
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Offshore Wind Energy market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Offshore Wind Energy near future?
What is the impact analysis of various factors in the Global Offshore Wind Energy market growth?
What are the recent trends in the regional market and how successful they are?