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Indian renewables-plus-storage tender secures power for $0.038/kWh

  |   Solar, solar industry

Winning developer Renew Power can opt for solar, wind or hybrid plants along with energy storage systems to ensure round-the-clock power supply.

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.

To read the full story, please visit our pv magazine India site.