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Tender Results: India's 500 MW Solar Park Bhadla Tender Results, New Record Lows

Analysis
Typography

Indian solar tariffs are in a state of free fall. New record lows are created in the recent round of auctions of 500MW solar projects.

 

ACME Solar emerged as the lowest bidder followed by SBG Cleantech. The auction was a very tightly fought one with Hero Solar Energy and Renew Power missing out by 0.02 paise and 0.03 paise respectively.

Here are the details

 

Bidder's Name Tariff Bidders Quantity
ACME Solar Holdings Private Ltd 2.44 200
SBG Cleantech One Ltd 2.45 500
Hero Solar Energy Pvt. Ltd. 2.46 300
Renew Solar Power Pvt. Ltd. 2.47 500
Awaada Power Pvt. Ltd. 2.6 200
Shhapoorji Pallonji Infrastructure Capital Company Pvt. Ltd. 2.65 400
RatanIndia Solar 3 Pvt Ltd.  2.87 100
Duroc Solar 2.88 100
Orange Renewable Power Pvt. Ltd. 2.95 200
Lightsource Renewable Energy Holdings Ltd. 2.98 100
Solairedirect Energy India Pvt. Ltd. 3.08 300
Mahoba Solar (UP) Pvt. Ltd. 3.14 300
Aditya Birla Renewables Ltd. 3.18 200