(ET)
Solar tariffs again showed an upward trend at the latest Solar Energy Corporation of India (SECI) auction on Friday, with winning tariffs of Rs 2.70-2.71 per unit. At SECI’s previous solar auction of 2000 MW three days ago, the lowest tariff had been Rs 2.44 per unit, while other winning tariffs were in the range of Rs 2.52 to Rs 2.54 per unit.
The current auction, for 750 MW at the Ananthapuram Solar Park in Andhra Pradesh, was won by SB Energy, the joint venture of SoftBank, Foxconn and Bharti Airtel, which bid Rs 2.70 per unit; Sprng Energy, the renewable energy platform of London-headquartered private equity fund, Actic LLP, which quoted Rs 2.71 per unit; and Ayana Renewable Power, backed by the UK government’s development finance institution CDC, which also sought the same price of Rs 2.71 per unit. The three were allotted 250 MW each.
