Six developers emerged winners in the Solar Energy Corp. of India’s 2 GW PV auction. ReNew and SAEL secured 600 MW each at INR 2.60 ($0.032)/kWh. Eden (300 MW), Jakson (200 MW), and Shiva Corp (100 MW) are the other winners at this price.
Avaada won 200 MW at INR 2.61/kWh.
The projects, connected to the interstate transmission system (ISTS), are to be developed on a build-own-operate basis.
SECI will sign a 25-year power purchase agreement (PPA) with the successful bidders. The power procured by SECI has been provisioned to be sold to the different buying entities in India.
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