India Rooftop Solar Tariffs Drop to Lowest Ever in State Auction
Photographer: Brent Lewin/Bloomberg
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Developers bid record low prices to sell power from solar projects to be built on rooftops of government and private buildings in auctions conducted by the Indian state of Madhya Pradesh.
The lowest bid came in at 1.58 rupees (2 U.S. cents) per kilowatt-hour, the lowest ever in the country, the state government said in a statement Tuesday. The remaining bids ranged from 1.69 to 2.35 rupees. The projects will service municipal and police buildings, colleges, industrial training and polytechnic institutions, as well as some private entities.