Solar Love
  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls

Solar Love

  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls
PVSolar $Solar PolicySolar ProjectsSolar Records

SkyPower Wins 150 MW India Solar Bid At Record Tariff Of 7.95¢/kWh

by Saurabh Mahapatra July 18, 2015
written by Saurabh Mahapatra July 18, 2015
SkyPower Wins 150 MW India Solar Bid At Record Tariff Of 7.95¢/kWh

India’s solar power market has a new lowest tariff as a subsidiary of SkyPower won rights to develop 150 MW of solar power photovoltaic capacity in the state of Madhya Pradesh.

Madhya Pradesh had offered a capacity of 300 MW to prospective project developers. The tender was oversubscribed over 12 times with project developers offering to develop over 3.7 GW of capacity.

Mauritius-based SkyPower Southeast Asia Holdings secured rights to develop 3 projects of 50 MW capacity each at tariffs ranging from Rs 5.051/kWh (7.95¢/kWh) to Rs 5.298/kWh (8.34¢/kWh). The previous lowest bid in India were placed by First Solar at Rs 5.25/kWh (8.27¢/kWh) for a 40 MW project in Andhra Pradesh.

The bid placed by SkyPower is 28% lower than the tariff determined by the Central Electricity Regulatory Commission (CERC) for the current financial year. The CERC has determined a tariff of Rs 7.04/kWh as a financially viable rate for solar PV projects.

The record low tariff bids have put in question the requirement of subsidies for solar power projects. Later this year, the central government plans to auction solar PV projects with a component of viability gap funding in the tariff.

SkyPower won bids for the projects by beating some of the leading Indian and international project developers, including Suzlon Energy, Reliance, Adani Power, ACME Solar, Welspun Energy, First Solar, and SunEdison.

SkyPower has set a target to add 9.9 GW solar power capacity in India over the next 5–7 years. The company plans to soon announce the launch of its India Solar Fund, which will provide a platform for investors, partners, and stakeholders to invest alongside SkyPower and participate with SkyPower as it grows throughout India.

IndiaMadhya PradeshMadhya Pradesh SolarSkypowerSkyPower India
0 comment
0
FacebookTwitterPinterest
Saurabh Mahapatra

A young solar enthusiast from India keeping an eye on all regulatory, policy and market updates from one of the fastest emerging solar power markets in the world.

previous post
Utility-Scale Solar More Cost Effective Than Rooftop Solar, Report Finds
next post
Prime Minister Pulls Plug On Renewable Energy In Australia

You may also like

Mitsui To Partner With Indian Company For Distributed...

June 10, 2019

India’s NTPC Offers Solar Project Management Services To...

June 9, 2019

Equinor & Scatec Solar Complete 162 Megawatt Brazilian...

November 29, 2018

Gamesa Awarded 400 Megawatt Solar Project In Egypt

November 29, 2018

Neighborhood Power Installing 10 Megawatt Solar Bifacial+Tracker Project...

November 20, 2018

EDF Renewables Commissions 110 Megawatts Of Solar In...

October 30, 2018

Maui Switches On Another 2.87 Megawatts Of Solar...

October 8, 2018

Capital Dynamics Acquires 121 Megawatt Springbok 3 Solar...

September 27, 2018

EnSync Energy Sells CAL FIRE Solar PPA Project...

August 20, 2018

India Shows More & More Appetite For Solar...

June 4, 2018

Follow Me

Facebook

Recent Posts

  • Meet PVCase: A 3D Solar Design Software That Every PV Designer Should Consider

    June 12, 2019
  • Mitsui To Partner With Indian Company For Distributed Solar Projects

    June 10, 2019
  • India’s NTPC Offers Solar Project Management Services To ISA Members

    June 9, 2019
  • Equinor & Scatec Solar Complete 162 Megawatt Brazilian Solar Plant

    November 29, 2018
  • Gamesa Awarded 400 Megawatt Solar Project In Egypt

    November 29, 2018
  • Facebook

@2019 - All Right Reserved solarlove.org


Back To Top