The Indian state of Gujarat has struck gold in its latest solar power auction as project developers submitted one of the lowest-ever bids seen in the Indian market for utility-scale solar power projects.
The Indian state of Gujarat has managed to match neighboring Rajasthan in terms of the lowest solar power tariff quoted by project developers. So far, only Rajasthan could boast about having the cheapest solar power projects.
At a recent auction conducted by the Gujarat government for 500 megawatts of solar projects, tariffs have risen slightly from the record lows in India.
