Solar tariffs in India hit a new low for Kadapa solar park

Solar tariffs in India hit another new low at the auction of 250 megawatts (MW) of capacity at the Kadapa Solar Park. Solairedirect Energy India, a subsidiary of the French power giant Engie, won the auction with a bid of 4.89 cents per kilowatt hour. Previous auctions have resulted in slightly lower initial tariffs that gradually increased over the contract period, resulting in a higher overall tariff.

Source: Economic Times