Mercom Insider

Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

Azure and ReNew win the auction with ₹2.48/kWh and ₹2.49/kWh bids

December 23, 2017

/ Raj Prabhu
/ Solar, Tenders & Auctions
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


In the 250 MW Bhadla Solar Park auction, Azure Power won the bid to develop 200 MWs by quoting the lowest tariff of ₹2.48 (~$0.0388)/kWh. ReNew Power won the remaining 50 MWs with a bid of ₹2.49/kWh. The winning bid is only 1.6 percent higher than the lowest ever solar tariff in India of ₹2.44 (~$0.0370)/kWh quoted in Bhadla Phase-III Solar Park auction in May 2017.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

Raj Prabhu

More articles from Raj Prabhu.
Azure PowerBhadla Solar AuctionBhadla Solar ParkHero Future EnergiesIndia SolarIPOISTS WaiverRajasthanReNew PowerSECI
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS