Indian hydropower producer wins 105 MW of floating PV with $0.047/kWh bid


From pv magazine India

SJVN has secured a 105 MW floating solar project in the Indian state of Maharashtra by placing the lowest bid of INR 3.93 ($0.047)/kWh in a reverse auction held by Maharashtra State Power Generation Co.

SJVN will set up the project on a build-own-operate basis. The estimated cost of project development will be $87.9 million. The project is scheduled for commissioning within 15 months of the date of signing of the power purchase agreement.

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“After commissioning, the project will generate 230 million units of electricity in the first year and 5,420 million units over a period of 25 years,” said Nand Lal Sharma, chairman and managing director of SJVN. “The commissioning of this project is expected to reduce 2,65,602 tons of carbon emissions.”

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