El Salvador competes with renewable giants

A small Central American country giving competition to a renewable energy giant like India in solar power tariff bids does not seem quite right, but this is indeed true in the case of El Salvador.

According to media reports, El Salvador allocated four solar PV power projects through competitive auction. These projects have a cumulative capacity of 120 megawatts and were awarded at tariff bids ranging from 4.955¢ per kilowatt-hour (kWh) to 6.724¢/kWh.

Source: Clean Technica