Gujarat allocates 500 MW of solar at $0.032/kWh

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From pv magazine India

GUVNL has allocated 500 MW of solar capacity at an average price of INR 2.7 ($0.032)/kWh under its 500 MW Phase XXIV tender, with the option for an additional 500 MW.

KPI Green quoted the lowest price of INR 2.67/kWh, securing its full bid-out capacity of 120 MW. Avaada secured 200 MW at INR 2.68/kWh, and BluPine Energy 40 MW at INR 2.69/kWh. Hinduja Renewable Energy secured 130 MW and NRC Industries 10 MW at INR 2.72/kWh each.

The winning developers can set up their grid-connected projects anywhere in India to supply power to GUVNL under power purchase agreements (PPAs) of 25 years.

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“PV modules used in these solar power plants must be warranted for peak output wattage, which should not be less than 90% at the end of 10 years and 80% at the end of 25 years from the commencement-of-supply date of the project,” said the tender document.

Developers must dispose of all PV modules according to the e-waste (Management and Handling) Rules, 2011, after their end of life.

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