
The latest reverse auction has resulted in a record low tariff of Rs 3.32 per unit for a “Solar + 4-hour ESS”. This tariff was achieved in a tender by SJVN Ltd for a project that includes 1200 MW of solar power combined with 600 MW/2400 MWh of energy storage.

India is the world's 3rd largest consumer of electricity and the world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 (160 GW of 400 GW) coming from renewable sources. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked. . Hydroelectric powerIndia ranks 5th globally for installed capacity. As of 31 March 2020, India's installed utility-scale hydroelectric capacity was 45,699 , or 12.35% of its total utility. . • • • Media related to . • • • • • •

India is the world's 3rd largest consumer of electricity and the world's 3rd largest producer with 40% of energy capacity installed in the year 2022 (160 GW of 400 GW) coming from renewable sources. 's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China. In FY2023-24, India is planning to issue 50.