Reasons Behind the Record Low Solar Bid of ₹1.99/kWh in the Gujarat Solar Auction

Good ratings of Gujarat DISCOMs, detailed and clear tender documents, and offtake guarantee are some of the key reasons for the low tariff

December 28, 2020

/ Rakesh Ranjan

/ Solar, Tenders & Auctions

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The recent auction by Gujarat Urja Vikas Nigam Limited (GUVNL) (Phase XI) for 500 MW of solar projects set a new record for the lowest tariff an auction in India of ₹1.99 (~$0.0269)/kWh.

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Rakesh Ranjan

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Reasons Behind the Record Low Solar Bid of ₹1.99/kWh in the Gujarat Solar Auction

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