June 13 (Renewables Now) - An oversubscribed solar tender by the Solar Energy Corporation of India (SECI) has ended up with 2,100 MW of proposals and rates as low as INR 2.54 (USD 0.036/EUR 0.032) per kWh, Mercom India reports.
The competition for interstate transmission system (ISTS)-connected solar projects across India was launched in February and targeted 1,200 MW of capacity. An unnamed government official confirmed to the clean energy communications and consulting firm that five bidders will be awarded projects.
The table below shows details about the bidders and the rates they quoted.
|Developer||MW won||MW bid||Rate (INR/kWh)|
|Ayana Renewable (CDC Group)||300||300||2.54|
The tender was capped at INR 2.65 per kWh and was oversubscribed by 900 MW. Winners will sign 25-year power purchase agreements (PPAs) with SECI.
SB Energy bid for 300 MW but could not make the cut due to the bucket filling method, according to the report.
(INR 10 = USD 0.144/EUR 0.127)