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Singapore, Saudi companies push Indian solar tariffs to record low

By : Sustainability ..., Nov 24, 2020

The Indian units of Singapore-based Sembcorp Industries Ltd and Saudi Arabia-based Aljomaih Holding Co won government auctions to sell solar power for a record low of 2 rupees ($0.0270) per kilo...

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India wins deal for 24X7 supply of green power

By : Sustainability ..., May 11, 2020

The gloom and doom of the coronavirus pandemic has failed to dampen the spirit of India’s renewables sector, with Goldman Sachs-funded ReNew Power on Friday winning the world’s first tender for round-the-clock supply of green power by a margin of 1 paise by quoting a tariff...

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MNRE tightens tariff ceiling to Rs 2.8/unit from Rs 3.5/unit under CPSE Ph-II solar scheme

By : Sustainability ..., Apr 14, 2020

The Ministry of New and Renewable Energy (MNRE) on Monday announced a reduction in tariff by 70 paise to Rs 2.8 per unit under the second phase of the Central Public Sector Undertaking (CPSU) programme for development 12 GW of solar projects. Besides, the ministry has also...

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Maharashtra: Solar sector welcomes MERC’s new tariff order

By : Sustainability ..., Apr 2, 2020

Maharashtra Solar Sangathan, an umbrella association of over 1,000 solar system manufacturers in the state, has welcomed the latest tariff order issued by Maharashtra Electricity Regulatory Commission (MERC) for rooftop solar power units. While the power regulator has...

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TPDDL to Procure 100 MW Solar, 50 MW Wind Power From SECI After CERC Approval

By : Sustainability ..., Mar 5, 2020

The Central Electricity Regulatory Commission (CERC) while hearing on two petitions filed by Delhi-based power Discom Tata Power Delhi Distribution Limited (TPDDL) has approved the tariffs of Rs 2.54/kWh for procurement of 100 MW solar power and Rs 2.52/kWh for procurement of...

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Solar tariff drops to Rs 2.5 per unit in latest SECI auction

By : Sustainability ..., Feb 28, 2020

The latest reverse auction for 1,200 MW of solar capacity, conducted by the Solar Energy Corporation of India (SECI), will see the tariff drop to Rs 2.5 per unit. Though this is higher than the all-time low rate of Rs 2.44/unit, it is much lower than Rs 2.71/unit in the last...

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Chandigarh taps private sector for 69MW solar energy target by 2022

By : Sustainability ..., Feb 27, 2020

The UT administration is all set to introduce the Renewable Energy Service Company Model (Resco) model in the city to tap solar energy on private residential houses. Under the model, the UT will rope in private companies to install solar plants atop houses. In return, the...

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Solar storage tariff spells trouble for coal

By : Sustainability ..., Feb 10, 2020

When solar power tariff dropped to Rs 2.44 per unit for the first time in May 2017, it set a record for cheapest electricity, busted the myth of renewable power being unaffordable and opened a Pandora’s box for conventional power plants by challenging coal’s dominance as the...

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Maharashtra: MSEDCL ups its price to woo solar power makers

By : Sustainability ..., Jan 20, 2020

In view of the poor response to its tender for buying 1,350MW solar power, state discom MSEDCL has increased the maximum price to attract producers. The company had floated tenders for buying 1,350MW with a cap of Rs3.15 per unit but got bids for only 5MW. Now it has...

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Azure Power secures 2,000 MW solar power project

By : Sustainability ..., Dec 16, 2019

Solar power producer Azure Power has announced that it has received a letter of award (LOA) for a 2 Gigawatt (GW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of Rs 2.92 per kWh. The...

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