French utility Engie SA (EPA:ENGI) on Friday announced it will further expand its installed renewables capacity in India after winning 250 MW of wind projects in the state of Tamil Nadu.
The French firm has been awarded a 200-MW project in a 2-GW wind power auction held by state-run Solar Energy Corporation of India (SECI). It bid INR 2.51 (USD 0.039/EUR 0.031) per kWh for that capacity and secured a 25-year power purchase agreement.
The company said it has won another 50-MW project in March without providing further details.
As unveiled earlier this month, SECI’s latest 2-GW wind power auction resulted in eight winning proposals, with bids as low as INR 2.51 per kWh. Proposed tariffs in a previous auction, which was completed in February, fell to INR 2.44/kWh.
Engie currently has 810 MWp of solar and 280 MW of wind power generating capacity in India, both installed and under construction. Just recently it inaugurated the 101-MWp Mirzapur solar power plant in Uttar Pradesh and commissioned its 190-MWp Bhadla solar park in Rajasthan.
“We are very proud of our numerous successes in India in wind, but also in solar [..],” commented Sebastien Arbola, CEO of ENGIE Middle East, South and Central Asia and Turkey.
(INR 10 = USD 0.154/EUR 0.125)
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