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Lowest bid in SECI’s tranche-VI wind auction hits INR 2.82/kWh - report

Wind turbines. Photo by: Sembcorp (www.sembcorp.com).

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)
Ostro Energy 300 2.82
Adani Renewables 250 2.82
Srijan Energy (Continuum) 150 2.82
Powerica Ltd 50.6 2.82
Ecoren Energy 125 2.83
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)

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Veselina Petrova is one of SeeNews Renewables most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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