Six developers have emerged winners in the Solar Energy Corp. of India’s (SECI) 2 GW PV auction.

ReNew and SAEL secured 600 MW each at INR 2.60 ($0.032)/kWh. Eden (300 MW), Jakson (200 MW), and Shiva Corp (100 MW) are the other winners at this price.

Avaada won 200 MW at INR 2.61/kWh.

The projects, connected to the ISTS, are to be developed on a build-own-operate basis.

SECI will sign 25-year power purchase agreements with the successful bidders. The power procured by SECI will be sold to different buying entities in India.