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

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.

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.

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.

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