SECI’s tranche-VI wind tender heavily oversubscribed - report

Photo by Uttar Pradesh New and Renewable Energy Development Agency (www.upneda.org.in.).

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.

Developer Capacity (MW)
SB Energy 600
ReNew Power 300
Enel 300
EDF 300
Engie 250
Adani 250
Continuum 150
Ecoren 125
Powerica 50
Total 2,235

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)

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Veselina Petrova is one of Renewables Now's 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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