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Take a look at 2 incredible bidding results. One is Maharashtra tender wherein we see new developers winning project at a tariff of Rs.4.43/kWh and VGF around Rs.19 Lakhs – Rs.20 Lakhs per MW. Another one is breathtaking to see solar power prices falling to record low at USD 2.42 cents (Approx. Rs.1.65 per kWh) in Abu Dhabi tender with bidders claiming to make 7% IRR. Comparing Abu Dhabi and Maharashtra…the difference is huge mainly because of debt cost, IRR expectations, generation expected, currency risks etc…The shapshot is attached below
