Solar Power Costs Drop to Record in Rajasthan Auction in India
- Prices in sunny province approach cost of fossil fuels
- Winning bids range from 4.34 to 4.36 rupees/kilowatt hour
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The price paid for solar power in India touched a record low of 4.34 rupees (or 6 cents) a kilowatt-hour in the latest auctions held in the state of Rajasthan, where a total of 420 megawatts of capacity was awarded, a government official said.
“E-auction has yielded tariffs at 4.34 rupees a kilowatt hour, 4.35 rupees a kilowatt hour and 4.36 rupees a kilowatt hour,” B.K. Dosi, managing director of Rajasthan Renewable Energy Corp., said by phone. “Solar rates now seem to have reached grid parity,"