Viability cloud over solar power as price hits new low Firms offer as little as Rs 2.62/unit, lower than average price of coal-based power

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The price of solar power touched a new low on Wednesday in the bidding held for the Bhadla Solar Park in Rajasthan’s Jodhpur district. Companies looking to put up a 250-megawatt (Mw) unit there put a bid of Rs 2.62 a unit, lower than the average price of coal-based power in the country. This could mean thin margins for developers; Rs 2.62 could be the starting point for a further low when bidding for another 500 Mw at the park comes up on Thursday. Phelan Energy Group from South Africa and Avaada Power Group quoted Rs 2.62 a unit. SBG Cleantech bid Rs 2.63 a …

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