Solar power developers are bullish on clean energy and hopeful about tariff coming down to as low as Rs 1.5 per unit on falling equipment cost and cheaper credit with assured purchase pact.

Solar power tariff came down to all-time low of Rs 2.44 per unit in the auction conducted for Bhadla solar park last month mainly due to lower equipment and borrowing costs. The new rate of solar power is even below the average rate of coal-based power produced by staterun NTPC

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