After various delays, solar developers in Jharkhand, India, are expecting to sign power purchase agreements (PPAs) for 1.1 GW of PV projects in the state, which should receive average tariff rates of USD 79.3 per MWh, according to Mercom Capital.
The 1.1 GW capacity is spread across 30 solar PV projects, which will be completed by eight developers, in the state. Local company ReNew Power has the largest chunk of the pie, with 522 MW of projects waiting for PPAs to be signed. The average tariff for the energy produced from the projects is Rs. 5.375 (USD 0.0793) per kWh, while solar analysis company Mercom Capital reports that the PPAs are expected to be signed by the third week of December 2016. The developers have been waiting since early 2016 to sign PPAs, after the winners of the tender were announced in March.