Record low tariff in Rewa improves growth prospects for solar in India

BRIDGE TO INDIA | 13 February 2017

Madhya Pradesh government completed auction process for the 750 MW Rewa solar project last week (see our previous blogs – link 1 and link2), where tariffs fell to a record low of INR 2.97 (US¢ 4.4)/kWh. Acme Solar, Mahindra Renewables and Solenergi Power won 250 MW each. The tariff will rise annually by INR 0.05 (US ¢ 0.07)/kWh for 15 years equating to a levelized tariff of INR 3.29 (US¢


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