Applications & Installations

PFC Consulting allocates 1.25 GW of solar for $0.030/kWh

NTPC Renewable Energy has secured 900 MW in PFC Consulting’s latest 1.25 GW solar auction. Acme Cleantech won 300 MW and Solarcraft took 50 MW.

By

Uma Gupta

28 Dec 2023

1

Image: Acme Solar

From pv magazine India

PFC Consulting, a unit of Power Finance Corp., has declared the winners of its 1.25 GW solar tender.

Three developers have emerged in the procurement exercise, which yielded a final average price of about INR 2.53 ($0.030)/kWh to INR 2.54/kWh.

NTPC Renewable Energy secured the biggest slice of 900 MW. Acme Cleantech won 300 MW at INR 2.53/kWh. Solarcraft secured 50 MW at INR 2.54/kWh.

The winners will develop solar projects, connected to the interstate transmission grid, on a build-own-operate basis in India.

The capacity will be developed under the scheme for flexibility in the generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power.

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