February 8 (Renewables Now) - The Solar Energy Corporation of India’s (SECI’s) latest wind power tender has ended up with a huge response from developers and bids of 2,325 MW, against a target of 1,200 MW, Mercom Capital reports.
The Tranche-VI tender, oversubscribed by 1,125 MW, was capped at INR 2.85 (USD 0.039/EUR 0.035) per kWh. According to the consultancy, which cited unnamed market sources, nine companies and consortia have taken part in the competition and Japan’s SB Energy, the renewable energy arm of SoftBank Corp (TYO:9984), bid for the most. More proposals came from Italian utility Enel SpA (BIT:ENEL), Electricite de France (EPA:EDF) and Engie (EPA:ENGI).
The following table contains the full list of bidders, as per the report.
The tranche-VI tender for Inter-State Transmission system (ISTS)-connected projects was launched by SECI in December 2018. The previous one, tranche V, resulted in bids as low as INR 2.76 per kWh.
(INR 10 = USD 0.140/EUR 0.123)