JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
Tata Power, TEQ Green Power, and Vena Energy Renewables Urja have approached the Delhi-based Appellate Tribunal for Electricity (APTEL) seeking interim relief against the Gujarat Electricity Regulatory Commission’s order allowing retendering of the awarded solar capacity.
The 150 MW solar plant in Kutchh is Adani Green Energy’s third PV commissioning within a month. Its other two solar capacities that became operational since December end include 100 MW at Khirsara, Gujarat, and 25 MW at Chitrakoot in Uttar Pradesh.
The solar plant in Chitrakoot takes Adani Green Energy’s total operational renewable capacity to 2975 MW—a step closer to its vision of 25 GW capacity by 2025.
The solar electricity price in India has dipped further to an all-time low of INR 1.99/kWh in a 500 MW Gujarat auction held recently, which is 0.5% lower than the previous record of INR 2/kWh set a month ago.
The developer secured the grid-connected solar capacity in a 700 MW auction by state utility Gujarat Urja Vikas Nigam Limited which had a tariff ceiling of INR2.92/kWh.
Projects can be established anywhere in the state which has spare grid capacity, with the relevant substations listed on the Gujarat Energy Transmission Corporation website.
The solar plant—to be set up under a ‘build-own-operate’ basis—is part of the Dholera Solar Park capacity tendered by Gujarat Urja Vikas Nigam Ltd under ninth phase. July 16 is the last date to lodge the interest.
The integrated power producer’s renewable capacity will now swell to 3,457 MW. Of this, 2,637 MW (932 MW wind and 1705 MW solar) is operational and 820 MW solar (including the latest 120 MW won from Gujarat Urja Vikas Nigam Limited) under implementation.
The plant—with Maharashtra State Electricity Distribution Co. Ltd as the offtaker—is the company’s first ISTS connected solar project.
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