India allocates 900 MW of hybrid wind-solar hybrid capacity at $0.038/kWh

NTPC Renewable Energy, Green Infra Wind Energy, and Juniper Green Energy have emerged as winners of Solar Energy Corp. of India’S (SECI) latest 2 GW wind-solar hybrid tender. The three developers have secured 900 MW of capacity at an average price of INR 3.19 ($0.038)/kWh.

January 11, 2024 Uma Gupta

Image: Karsten Würth, Unsplash

From pv magazine India

SECI has allocated 900 MW out of 2 GW of tendered wind-solar hybrid power projects, at an average price of INR 3.19/kWh. NTPC Renewable Energy bid for 300 MW and won the capacity by quoting the lowest (L1) tariff of INR 3.15/kWh.

Green Infra Wind Energy secured 450 MW and Juniper Green Energy took 150 MW at INR 3.21/kWh each, as their quoted prices stayed within L1 tariff plus 2%.

The successful bidders will develop the projects on a build-own-operate (BOO) basis. The projects must be connected to the interstate transmission system and can be located anywhere in India.

SECI will sign 25-year power purchase agreements with the successful bidders. Power procured by SECI from the projects will be sold to different buying entities across India.

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