Low tariff secured for NTPC’s 2 GW Indian solar auction

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During Tuesday’s auction, Acme Solar, Shapoorji Pallonji Infrastructure and Azure Power quoted the lowest tariff of Rs. 2.59, followed by SB Energy, with Rs. 2.60 ($0.0373) per unit.

Overall, Acme Solar – which recently said it would quit its PV pipeline unless safeguard tariffs were passed onto utilities – was awarded 600 MW, while Shapoorji Pallonji Infrastructure received 500 MW, and Azure Power, 300 MW.

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