: Wind, Reverse Auctions, PPA, SECI, ISTS

The Solar Energy Corporation of India (SECI)’s 2 GW Tranche-V wind tender has been undersubscribed by 800 MW.

The shortage of connectivity infrastructure across the country seems to have taken its toll on this tender.

SECI had tendered the capacity in May 2018. In the recently concluded SECI wind auction for 2 GW, the lowest (L1) tariff quoted by the bidders stood at ₹2.51(~$0.0386)/kWh.

According to a source whose company is participating in the tender, bids totaling 1,200 MW have been received against the tendered capacity of 2 GW.

ReNew Power, Adani Green, Sprng Energy, and Alfanar each submitted bids for 300 MW, according to the source.

When contacted, a SECI official confirmed that this time around, less number of bids have been received.

The source further said, “Wind has been around for a longer time, and developers in this sector better understand connectivity issues as compared to solar developers. Even the wind tariffs are relatively stable, no fluctuation, no mad dash by developers to execute projects.”

This undersubscription of SECI’s wind tender comes on the heels of SECI’s 2 GW solar tender which was oversubscribed by 1.8 GW, highlighting the voracious appetite of developers in India to win large-scale solar projects.