Solar tariffs may plunge further: Analysts

Solar energy tariffs, which plunged to a new record last week, can fall further, analysts said.
Solar tariffs set a new record of Rs 2.36 per unit in a 2000 MW auction conducted by the Solar Energy Corporation of India, the ministry of new and renewable energy's nodal agency responsible for conducting wind and solar auctions.
Almost the entire 2000 MW capacity was bagged by international developers including Spain's Solarpack, Italy's Enel Green Power and Canadian developer AMP Energy among others.
Over 5000 MW of bids were received for this tender.
The lowest tariff until now had been Rs 2.44 per unit reached in a SECI auction in July 2018.

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