News Brief | September 2016
Solar tariffs expected to fall as low as Rs.3.50/unit
Solar power tariffs in India, which have fallen below Rs.5 per unit since November, are expected to fall further as the industry doubles volumes every year and the cost of producing power continues to decline. Industry experts said that tariffs will fall to as low as RS.3.5 per unit in three years owing to better use of technology, higher volumes, increased competition and a favourable regulatory environment. A fall in tariff would be a shot in the arm for the government, which has pushed renewable energy to the top of its energy security agenda and has been looking to provide green power at less than Rs.4.50 a unit. India has targeted 100 GW of solar and 60 GW of wind energy capacity by 2022.
Contact: Ministry of New and Renewable Energy