February 18 (Renewables Now) - A wind power auction in India targeting 1.2 GW of projects has received bids as low as INR 2.82 (USD 0.039/EUR 0.035) per kWh, Mercom Capital reports.
The Tranche-VI auction was launched by the Solar Energy Corporation of India (SECI) in December 2018, with a cap of INR 2.85/kWh. The competition saw four project developers quoting the lowest tariff, while two developers bid for INR 2.83/kWh.
The following table shows the full list of winners, according to the report.
|Developer||Awarded capacity (MW)||Tariff per kWh (INR)|
|Srijan Energy (Continuum)||150||2.82|
|SB Energy (SoftBank)||324.4 (600 MW bid)||2.83|
The lowest bid in the tender is above the INR 2.76/kWh reached in tranche V. One of the winning developers told Mercom that this is because of the lower land availability and the lack of government support for land procurement.
The winning Inter-State Transmission system (ISTS)-connected projects will be awarded power purchase agreements (PPAs) with SECI. According to a previous report by Mercom, some 2,325 MW of projects took part in the solicitation.
(INR 10 = USD 0.140/EUR 0.124)