750 MW PV Awarded In Andhra Pradesh

SECI Awards Three 250 MW Solar Power Projects In Kadapa Solar Park In Andhra Pradesh; 2.70 INR ($0.039) Lowest Winning Tariff
02:19 AM (Beijing Time) - 07. July 2018
seci tender

Three companies won the 750 MW tender from SECI. Interestingly, ACME Solar was not among them; if it had offered the same level as for a recent tender of 2.44 INR ($0.035) it would be have been the winner.

Key Takeaways

  • SECI’s 750 MW PV auction for Kadapa Solar Park in Andhra Pradesh won by three companies
  • The winners are SB Energy Seven Private Limited, Sprng Soura Kiran Vidyut Private Limited and CDC Group plc Ayana Renewable Power Private Limited
  • All three winners have won 250 MW each
  • Highest and lowest bids offered ranged between 2.79 INR to 2.70 INR ($0.041 to $0.039) per kWh

The Solar Energy Corporation of India (SECI) has auctioned 750 MW solar power capacity in Kadapa Solar Park in Andhra Pradesh. Three projects of 250 MW capacity each have been awarded to SB Energy Seven Private Limited, Actis backed Sprng Soura Kiran Vidyut Private Limited and CDC Group plc’s Ayana Renewable Power Private Limited.

The lowest winning tariff for this project was 2.70 INR ($0.039) per kWh offered by both SB Energy and Sprng. Ayana won the capacity for 2.71 INR ($0.039) per kWh.

These companies beat competition from ACME Solar and Fortum Solar. ACME Solar offered a tariff of 2.71 INR per kWh, which is quite high compared to the 2.44 INR ($0.035) per kWh it bid for a recent 600 MW win (see 2.44 INR PV Tariff In 2 GW SECI Auction), a repeat of the winning tariff it offered in May 2017 (see ACME Wins 200 MW At 2.44 INR Record).

SECI launched this tender in January 2018 under National Solar Mission (NSM) Phase-II, Batch-IV, Tranche-XV (see RFS For 950 MW PV In India).

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani