Patel Infrastructure, Alfanar, KP Energy, Powerica Win GUVNL’s 250 MW Wind Auction

MNRE Amends PM Surya Ghar Service Charge Rules

Waaree Wins EPC Contract for 29 MW Solar Project

Adani Green Operationalizes 307.4 MW Renewable Projects in Gujarat

Germany Floats Tender for 3.44 GW Onshore Wind Projects

UPNEDA Issues Notices to Inactive Rooftop Solar Vendors Under PM Surya Ghar Program

Waaree Energies Secures 1,500 MW Solar Module Supply Order

Plastic Products Maker in Tamil Nadu Goes Solar, Saves ₹8 Million Annually

Germany Floats Tender for 282.7 MW Solar Projects

Daily News Wrap-Up: GST Reduction on Rooftop Solar Cuts Payback Period


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/12/amazon_polly_74660.mp3?version=1735621202">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>In calendar year 2024, with 18.5 GW of projects going under the hammer in 27 auctions. The lowest tariff discovered in 2024 was ₹2.15 (~$0.025)/kWh, 15% lower than the lowest tariff of ₹2.51 (~$0.0296)/kWh in 2023.</p>
<p>Here is a list of the five lowest solar tariffs discovered in auctions in 2024:</p>
<p><strong>#1 </strong>Waaree Group <a href="https://www.mercomindia.com/waaree-wins-rumsls-170-mw-solar-project-in-neemuch-solar-park" target="_blank" rel="noopener">won</a> Rewa Ultra Mega Solar’s (RUMSL) auction to develop a 170 MW solar power project at the Neemuch Solar Park in Madhya Pradesh quoting a tariff of ₹2.15 (~$0.025)/kWh.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74661 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/1-3-1-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p><strong>#2</strong> SAEL Industries and NTPC Renewable Energy <a href="https://www.mercomindia.com/sael-ntpc-blupine-win-seci-solar-auction" target="_blank" rel="noopener">won</a> 250 MW and 200 MW, respectively, by quoting ₹2.48 (~$0.0295)/kWh in Solar Energy Corporation of India’s (SECI) auction to develop 1.2 GW of ISTS-connected solar power projects (Tranche XVI) on a build, own, and operate basis. BluPine Energy secured 50 MW at ₹2.49 (~$0.0297)/kWh.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74662 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/2-2-1-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p><strong>#3</strong> SAEL Industries <a href="https://www.mercomindia.com/sael-rays-ntpc-solar-auction" target="_blank" rel="noopener">won</a> 300 MW by quoting ₹2.50 (~$0.0297)/kWh in NTPC’s auction to set up 1,200 MW of ISTS-connected solar power projects. Rays Power Infra and Refex Green secured 100 MW each at ₹2.50 ($0.0297)/kWh, while ReNew Solar and Illuminate Hybren (Mahindra Susten) were awarded 300 MW and 176 MW, respectively, at ₹2.51 ($0.0299)/kWh.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74663 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/3-2-1-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p><strong>#4</strong> Solarcraft Power India 8 (BluPine Energy) and GRT Jewellers <a href="https://www.mercomindia.com/blupine-grt-win-sjvn-solar-auction" target="_blank" rel="noopener">won</a> 300 MW and 150 MW, respectively, by quoting ₹2.52 (~$0.0304)/kWh in SJVN’s auction to develop 1,500 MW of ISTS-connected solar power projects across India. Furies Solren (Mahindra) and JSW New Energy secured 300 MW and 700 MW, respectively, at ₹2.53 (~$0.0305)/kWh, while NTPC Renewable Energy was allotted 50 MW after quoting ₹2.54 (~$0.0306)/kWh.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74664 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-1-2-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p>ACME Solar Holdings, SAEL Industries, and Essar Renewables <a href="https://www.mercomindia.com/acme-sael-essar-sjvn-solar-auction" target="_blank" rel="noopener">won</a> 300 MW each by quoting ₹2.52 (~$0.0300)/kWh in SJVN’s auction to set up 1.2 GW of ISTS-connected solar power projects across India. Onward Solar Power secured 100 MW at ₹2.52 (~$0.0300)/kWh, while NTPC Renewable Energy (NTPC REL) was allotted 200 MW out of the quoted 400 MW at ₹2.53 (~$0.0301)/kWh under the bucket-filling method.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74665 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/4-2-1-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p><strong>#5 </strong>SJVN Green Energy <a href="https://www.mercomindia.com/sjvn-sael-coal-india-guvnls-600-mw-solar-auction" target="_blank" rel="noopener">won</a> 100 MW by quoting ₹2.54 (~$0.0306)/kWh in Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 600 MW of grid-connected solar projects (Phase XXI) at the Gujarat Industries Power Company’s solar park in Khavda, Gujarat, with a greenshoe option of an additional 600 MW. SAEL Industries secured 200 MW at ₹2.55 (~$0.0307)/kWh, while Coal India was allotted 300 MW out of the quoted 600 MW at ₹2.55 (~$0.0307)/kWh.<strong> </strong></p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-74666 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-scaled.jpg" alt="" width="2560" height="384" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-300x45.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-2000x300.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-768x115.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-1536x230.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-2048x307.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-650x98.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-624x94.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/5-2-1-600x90.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real time.</p>


Five Lowest Solar Auction Bids in India During 2024 [Infographics]

onward

Get the most relevant India solar and clean energy news.

RECENT POSTS