Gujarat’s 500 MW Auction Sets A New Record Low Solar Tariff of ₹1.99/kWh

The previous record of ₹2/kWh was discovered in SECI's 1,070 MW auction in November

December 19, 2020

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The Gujarat Urja Vikas Nigam Limited’s (GUVNL) (Phase XI) auction for 500 MW of solar projects has set a new record. In this auction, the lowest (L1) tariff reached ₹1.99 (~$0.0270)/kWh, according to Mercom’s sources.

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Rakesh Ranjan

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Gujarat’s 500 MW Auction Sets A New Record Low Solar Tariff of ₹1.99/kWh

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