Tenders

Latest 6.4 GW Andhra Pradesh solar auction saw uptrend in tariffs In an apparent recalibration in solar market dynamics, India’s largest solar auction of 6.4 GW by Andhra Pradesh Green Energy Corporation Limited’s (APGECL) registered lowest price (L1) of Rs. 2.47 per kWh by Torrent Power for 300 MW capacity. The L1 tariff is significantly higher than the record-low tariffs of Rs. 1.99 – 2 per unit, discovered in the previous auctions of GUVNL 500 MW Solar (Phase XI) auction…

SECI 1200 MW Wind-Solar Hybrid (Tranche-III) auction creates new record of Lowest tariff at Rs. 2.41/kWh Following the issuance of the incumbent national framework – the Wind-Solar Hybrid Policy in 2018, India saw a succession of WSH (Wind-Solar Hybrid) tenders. Although there have been a few successful WSH tenders, many have received tepid responses which have led to either undersubscription or cancellation of these tenders. In a recent development, however, SECI 1200 MW ISTS, WSH (Tranche-3) auction saw oversubscription of…

NTPC 1.2 GW ISTS solar tender saw aggressive tariff of INR 2.43/ kWh Today, NTPC conducted the reverse auction of its 1.2 GW ISTS solar tender.  Last month, the tender received a good response with bids of about 1.7 GW of capacity. The tender auction was conducted today and it saw winning tariff of INR 2.43/kWh. The minimum CUF condition for this tender is 19% and the commissioning timeline is 24 months. Auction winners are O2 power (400 MW), Azure…

India saw historic low solar tariff of INR 2.36/ kWh   Today, Solar Energy Corporation of India (SECI) conducted its first reverse auction of a 2 GW solar tender under ISTS (Tranche IX) after a gap of four months due to the COVID-19 lockdown.  Earlier last week, the tender received an overwhelming response from the developers with bids for more than 4.3 GW of capacity. The reverse auction of this was conducted today and it saw a historic low winning solar…