Gujarat seeks to re-tender 700 MW solar projects for lower tariffs, despite being auctioned once

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Now that solar power tariffs have reached a record low of Rs 1.99 per unit, Gujarat will conduct another auction for 700 mega-watt (MW) of solar power plants to be built in Dholera. These projects had already been auctioned earlier with higher tariffs. In the earlier auction completed in August, 2020, the lowest tariff discovered […]

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India plans setting up 10 gigawatt (GW) of solar equipment manufacturing domestic capacity

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India has invited proposals for setting up 10 gigawatt (GW) of solar equipment manufacturing capacity. This follows India’s plan of imposing tariff and non-tariff barriers to put a check on all imported solar cells, modules and inverters, that will make their sourcing from China expensive. Around 80 per cent of the solar cells and modules […]

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Global capital backs Indian solar power and renewable energy

Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK Research & Analytics shows that the current solar tariffs hovering at Rs 2.50-2.87 per unit is 20-30 per cent cheaper than the cost of […]

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