The lowest tariff discovered in wind energy auctions in 2022 was ₹2.84 (~$0.036)/kWh, an increase of nearly 5.5% compared to the lowest tariff of ₹2.69 (~$0.038)/kWh quoted in the Tranche XI auction in September last year.

Here are the four lowest wind tariffs discovered in auctions in 2022:

#1 Gujarat Urja Vikas Nigam declared several winners in its auction to purchase power from 500 MW of grid-connected wind power projects (Phase-III). The successful bidders included Gujarat State Electricity Corporation for 70 MW at a tariff of ₹2.84 (~$0.036)/kWh, Rajpur Renewables (EDF Renewables) for 30 MW at ₹2.90 (~$0.035)/kWh, Juniper Green Energy for 40 MW at ₹2.95 (~$0.036)/kWh, and Solarcraft Power India 3 (Blupine) for 100 MW at ₹2.96 (~$0.036)/kWh.

Also, TEQ Green Power XII (O2 Power) won 70 MW and ACME Pokhran Solar 50 MW by quoting ₹2.90 (~$0.035)/kWh each. Project Twelve Renewable Power (Ayana) won 140 MW capacity out of the bid capacity of 200 MW by quoting ₹2.90 (~$0.035)/kWh.

#2 Solar Energy Corporation of India’s auction for the 1.2 GW interstate transmission system (ISTS)-connected wind power projects (Tranche-XII) saw NTPC Renewables win 200 MW quoting a tariff of ₹2.89 (~$0.0373)/kWh, and EDF for 300 MW at ₹2.93 (~$0.0378)/kWh. JSW won 300 MW at ₹2.94 (~$0.0379), and Torrent Power bagged 300 MW quoting ₹2.94 (~$0.0379)/kWh.

#3 SJVN, Scatec India II BV, and O2 Power won Solar Energy Corporation of India’s (SECI) auction for 1.2 GW interstate transmission system (ISTS)-connected wind power projects (Tranche-XIII). SJVN won 100 MW quoting a tariff of ₹2.90 (~$0.035)/kWh, and Scatec India 300 MW at ₹2.95 (0.036)/kWh. O2 Power won 200 MW at ₹2.95 (~$0.036)/kWh. The capacity allotted in the auction was 600 MW.

#4 Sembcorp (Green Infra Wind Energy) won the Railway Energy Management Company’s auction to procure 50 MW of wind power at ₹3.11 (~$0.041)/kWh. The tariff-based bidding was held for the power consumption of Railways for traction in Maharashtra.

Three lowest hybrid tariffs discovered in hybrid auctions in 2022

The lowest tariff discovered in wind-solar hybrid auctions came in at ₹2.53 (~$0.033)/kWh, which was 8% higher than the lowest bid of ₹2.34 (~$0.031)/kWh discovered in the Tranche-IV auction held in August last year.

The three lowest tariffs in 2022:

#1 Tata Power, Amp Energy, and NTPC quoted ₹2.53 (~$0.033)/kWh each to win 600 MW, 450 MW, and 120 MW in SECI’s auction to set up 1,200 MW interstate transmission system-connected hybrid projects (Tranche-V) across India. SJVN had offered ₹2.54 (~$0.034)/kWh for 200 MW but was only awarded 30 MW under the bucket-filling method.

#2 Tata Power Renewable Energy was declared the winner in Tata Power Delhi Distribution’s auction for 255 MW hybrid power projects at a tariff of ₹3 (~$0.037)/kWh. The second lowest quoted tariff was ₹3.01 (~$0.037)/kWh by Avaada Energy, followed by ReNew Solar Power at ₹3.80 (~$0.047)/kWh.

#3 Sprng Ojas, Tata Power Renewable Energy, ReNew Power Solar, and TEQ Green Power IX (O2 Power) were declared winners in Rewa Ultra Mega Solar’s auction for the development of 750 MW of grid-connected hybrid power projects in Madhya Pradesh. Sprng Ojas, Tata Power Renewable Energy, and ReNew Solar Power won 160 MW, 200 MW, and 300 MW, respectively, all quoting a tariff of ₹3.03 (~$0.038)/kWh. O2 Power had bid for 150 MW but was awarded 90 MW at ₹3.04 (~$0.038)/kWh.

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