Both winning bids (L1 & L2) in SECI’s wind-solar hybrid tender were lower than the ceiling cap of INR 2.70 ($0.03836) per kWh, according to Mercom India Research.
- SECI has selected the only 2 bidders for its Wind-Solar Hybrid tender whose original capacity was reduced from 2.5 GW to 1.2 GW
- SB Energy of SoftBank offered lowest tariff of INR 2.67 ($0.03794) per kWh to develop 450 MW
- Adani Green quoted INR 2.69 ($0.03822) per kWh for 600 MW, but won 390 MW in the auction
Renew Energy & CSE Development To Set Up 250 MW Solar PV Project Capacity In Himachal Pradesh With An Estimated Investment Of INR 10 Billion: Media
(05. September 2019)
Rajasthan: Draft Solar Policy 2019 Aiming For 25 GW Grid Connected Solar Capacity & Draft Wind-Solar Hybrid Policy Targeting 500 MW By FY 2021-22 Issued By RRECL
(02. September 2019)
SECI’s 1.2 GW ISTS-V Solar PV Auction Selects GRT Jewellers & SB Energy For 480 MW Final Award Out Of 600 MW Total Bids Received: Mercom India
(30. August 2019)
SoftBank’s SB Energy and Adani Green were the only 2 bidders for Solar Energy Corporation of India’s (SECI) wind-solar hybrid tender after original capacity was reduced from 2.5 GW to 1.2 GW. The tender received bids adding up to 1.05 GW, but SECI awarded only 840 MW, reported Mercom India Research (see 1.2 GW SECI Tender Receives Bids For 1.05 GW).
SECI confirmed receiving a lowest tariff of INR 2.67 ($0.03794) per kWh from SB Energy for 450 MW of wind-solar hybrid projects, while Adani Green quoted INR 2.69 ($0.03822) per kWh to develop 390 MW. Adani had bid for 600 MW, but won only 390 MW.
Mercom quoted a SECI official saying that the auction was a success, even though only 2 bidders participated in the tender as the agency was able to get tariffs lower than the ceiling of INR 2.70 ($0.03836) per kWh. This cap was a reduction from the original INR 2.93 ($0.04163) per kWh.
Recently, SECI awarded Shapoorji Pallonji 50 MW out of a 150 MW floating solar PV tender for INR 3.29 ($0.047) per kWh to be developed on Rihand Dam in Uttar Pradesh (see SECI Awards 50 MW Floating PV Capacity).