Solar Tariffs Continue To Trend Downwards: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.In the latest bids conducted by Gujarat Urja Vikas Nigam Ltd. (Gujarat discom) for procuring 500 megawatt state transmission utility connected solar power, tariffs discovered a new record low at Rs 1.99/kilowatt hour.This beats the previous low clocked in the bids conducted in December 2020 by Solar Energy Corportion of India for 1,070 MW for Rajasthan, which discovered tariff of Rs 2/kWh.The winners of the bid at Rs 1.99/kWh are -NTPC Ltd. - 200MWTorrent Power Ltd. - 100MWAl Jomiah Energy and Water Company (Saudi Arabia) – 80MWAditya Birla Renewables – 120MWSuccessful bidder is expected to construct the project, including the transmission network up to the delivery point (which is the state grid)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Solar Tariffs Continue To Trend Downwards: ICICI Securities

Solar Tariffs Continue To Trend Downwards: ICICI Securities

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