Grew Energy has won the largest contract of 200 MW in Solar Energy Corp. of India’s (SECI) 400 MW solar PV module auction. The mandate is to test, package, forward, supply and transport the solar PV modules to project locations anywhere across India.
The tender, which was issued in December 2023, mandates supply of uniform size, crystalline Si technology based modules as per SECI guidelines. The delivery of the product and its spare parts has to be made over a nine-month duration.
Grew is amongst a few manufacturers in India to supply domestically made solar PV modules with domestically manufactured solar cells.
Commenting on the win, Vinay Thadani, CEO and director, Grew Energy, said, “We are proud to have won this mandate where many other MNRE approved manufacturers had participated. We are equipped with the technology and have the bandwidth to contribute to multiple solar products across the country.”
Other winners in the SECI auction are Swelect Energy Systems and ReNew Photovoltaic, which won 100 MW each.
The evaluated bid price was finalised at INR 22.66 ($0.27)/Wp for all the three bidders, creating a standardised rate for the supply of modules.
Hardip Singh, COO, Grew Energy, expressed confidence that they will not only be able to meet the manufacturing requirements but also meet the delivery deadlines.
Founded in 2022, Grew has started production at its first 1.2 GW module manufacturing unit in Jaipur, Rajasthan, and will soon complete addition of another 1.6 GW TopCon module manufacturing at the same location. The company plans to achieve 6 GW of modules manufacturing capacity and 2.8 GW of solar cells, wafers and ingots by FY 2025.
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