India allocates 900 MW of hybrid wind-solar hybrid capacity at $0.038/kWh
11 January 2024NTPC Renewable Energy, Green Infra Wind Energy, and Juniper Green Energy have emerged as winners of Solar Energy Corp. of India’S (SECI) latest 2 GW wind-solar hybrid tender. The three developers have secured 900 MW of capacity at an average price of INR 3.19 ($0.038)/kWh.
SECI has allocated 900 MW out of 2 GW of tendered wind-solar hybrid power projects, at an average price of INR 3.19/kWh. NTPC Renewable Energy bid for 300 MW and won the capacity by quoting the lowest (L1) tariff of INR 3.15/kWh.
Green Infra Wind Energy secured 450 MW and Juniper Green Energy took 150 MW at INR 3.21/kWh each, as their quoted prices stayed within L1 tariff plus 2%.
The successful bidders will develop the projects on a build-own-operate (BOO) basis. The projects must be connected to the interstate transmission system and can be located anywhere in India.
SECI will sign 25-year power purchase agreements with the successful bidders. Power procured by SECI from the projects will be sold to different buying entities across India.
Related
-
Giyani gains mining licence for Botswana manganese project
20 September 2024
-
Marubeni, Hitachi form JV for mining equipment sales in Brazil
20 September 2024
-
Veolia and Sidem win EPC contract for Hamriyah IWP project
20 September 2024
-
Firms from Norway, Japan to build 100MW of solar farms in Tunisia
20 September 2024
-
Queensland picks international team to design $14bn pumped hydro scheme
20 September 2024
-
India approves NPCIL and NTPC’s JV to build nuclear power plants
20 September 2024