India's SECI unveils winning bidders for 2.4 GW of renewables

Wind turbines in India. Featured Image: OlegD/

July 15 (Renewables Now) - Solar Energy Corporation of India Ltd (SECI) on Thursday announced the winners from two e-reverse auctions for a couple of renewable energy projects in India totalling 2,400 MW, with NTPC Renewable Energy Ltd emerging with a successful bid from each.

In May, SECI consecutively held auctions to select developers for a 1,200-MW wind-solar hybrid power complex and a 1,200-MW wind project. All projects will be ISTS-connected.

As separately announced by Tata Power Co Ltd (BOM:500400), its fully-owned unit TP Saurya Limited (TPSL) has won 600 MW of capacity in the competitive process for the hybrid project. The remaining 600 MW from that auction were awarded to the renewables arm of state-run energy company NTPC Ltd (BOM:532555) and AMP Energy Green Pvt Ltd as shown below.

Bidder's Name Bidder's Quantity (MW) Tariff (INR/kWh) Awarded capacity (MW)
TP Saurya Ltd 600 2.53 600
AMP Energy Green Pvt Ltd 120 2.53 120
NTPC Renewable Energy Ltd 450 2.53 450

On the other hand, the wind-only auction saw NTPC Renewable Energy win 200 MW and three other bidders securing 300 MW each. More information is available in the following table.

Bidder's Name Bidder's Quantity (MW) Tariff (INR/kWh) Awarded capacity (MW)
NTPC Renewable Energy Ltd 200 2.89 200
Halvad Renewables Pvt Ltd 300 2.93 300
JSW Neo Energy Ltd 300 2.94 300
Torrent Power Ltd 300 2.94 300

Among the companies that bid in the e-reverse auction but failed to secure any capacity were the likes of SJVN Ltd, Azure Power India Pvt Ltd, Adani Renewable Energy One Ltd and Renew Solar Power Pvt Ltd.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription