Solar power rates haven’t fallen in 18 months: Study
NEW DELHI: Amid widespread talk of falling solar tariffs, a recent study has thrown up a contrary conclusion. “Adjusted for changes in capital costs and other parameters, bids in India have not trended down in the last 18 months,” Bridge to India, a consultancy, said in a report that analysed price trends across major auctions conducted from July 2015 to December 2016. “Harmonised tariffs have stayed reasonably stable around the average level.
” The average harmonised price has been Rs 4.31 per unit across the 15,900 MW of projects auctioned during this period by NTPC , Solar Corporation of India, renewable energy departments of states and other smaller players.