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Sky Power has Lowest Bid in India Solar Auction

SkyPower Global has set a new low tariff, winning rights to develop 150 MW of solar power PV capacity in India’s Madhya Pradesh state. SkyPower’s bid is 20% lower than the tariff determined by the Central Electricity Regulatory Commission (CERC). After the deal was signed, Madhya Pradesh offered a capacity of 300MW to prospective project developers, and developers exceeded the request by 12 times, offering over 3.7 GW of capacity.

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