Solar Energy Corp. of India has concluded its 1 GW solar PV auction by awarding the full capacity at prices of INR 2.52-2.53 ($0.030)/kWh. Avaada and ReNew secured 300 MW each at INR 2.52/kWh. Sprng Energy won 250 MW at INR 2.52/kWh. Solarcraft Power (BluPine) secured 150 MW at INR 2.53/kWh.
The winners will set up solar projects on a build-own-operate basis. The projects can be located anywhere in India and should connect to the interstate transmission system (ISTS).
SECI shall enter into a 25-year power purchase agreement (PPA) with the developers selected through this tender. Power procured by SECI from the projects has been provisioned to be sold to the different buying entities in India.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.