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Daily News Wrap-Up: Lowest Wind-Solar Hybrid Tariffs in India During 2023

SECI floats tender for 1.5 GW of ISTS-connected solar projects

January 2, 2024

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There has been an increase in wind-solar hybrid projects to meet the round-the-clock renewable energy demand in India. The lowest tariff discovered in wind-solar hybrid auctions came in at ₹3.07 (~$0.0368)/kWh, 21% higher than the lowest tariff of ₹2.53 (~$0.0304)/kWh in 2022. The tariff increase was driven by the wind turbine shortage and the rise in wind project costs. The lowest tariff of ₹3.07 (~$0.0368)/kWh was quoted by Amp Energy India in the auction to develop 150 MW of ISTS-connected wind-solar hybrid projects by Kolkata-based power utility company CESC.

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