Overtaking Tamil Nadu, Karnataka has emerged as the top state in installing renewable energy, reaching 12.3 GW of total installed capacity as of March 2018, having added 5 GW in 2017-18 alone. The state has been utilising its renewable energy policies like open access, introduction of a hybrid wind-solar development policy and is significantly taking steps to reverse its historic reliance on energy imports, according to the report of the Institute for Energy Economics and Financial Analysis (IEEFA). During 2017-18, Karnataka installed more than 4 GW of new photovoltaic generation due to its rapid scaling up of solar capacity. With 5 GW of solar capacity and 4.7 GW of wind capacity, Karnataka has witnessed low bids of Rs 2.82- Rs 3.06 per kWh, below the average Rs 3- Rs 5 per kWh for domestic thermal power tariffs and the Rs 5- Rs 6 per kWh tariffs required for imported coal-fired power.
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