The Solar Energy Corporation of India has concluded its 400 MW ‘round-the-clock’ renewables tender to supply 24-hour electricity.
With bids received for almost 950 MW of generation capacity, Haryana-based developer ReNew Power secured both projects by agreeing to accept INR2.90/kWh ($0.0382315) generated. The tariff will increase by 3% per year for the first 15 years of the 25-year power supply deal secured by ReNew before becoming a fixed payment.
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