Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s auction to supply 1,200 MW firm and dispatchable power from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems under tariff-based competitive bidding (FDRE II).

Juniper, ReNew, Zelestra, and Hero won 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at a tariff of ₹4.25 (~$0.0506)/kWh.

Avaada was awarded 590 MW at a tariff of ₹4.26 (~$0.0507)/kWh.

The tender was floated in March this year.

The projects will use only commercially established and operational technologies to mitigate technology risks and ensure timely commissioning.

Wind turbines must be type-certified models listed in the Revised List of Models and Manufacturers by the Ministry of New and Renewable Energy, and solar photovoltaic modules must be included in List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.

The declared annual capacity utilization factor should not be less than 80%.

Earlier, AMPIN Energy, Ganeko Solar, EverGreen Power, Juniper Green Energy, Datta Power Infra, JSW Neo Energy, and Avaada Energy were awarded SJVN Green Energy’s tender to develop 1.5 GW of ISTS-connected wind and solar hybrid power projects.

Auction announcements fell 73.2% from 25.1 GW in the first quarter of 2024 to 6.7 GW in Q2. Auction activity dropped marginally from the same quarter in 2023.

Issues around the pricing of domestic solar modules after the reimposition of the Approved List of Models and Manufacturers order from April 1, 2024, and a long pipeline of auctioned projects with unsigned power purchase agreements discouraged developers from participating in new bids.

The quarter’s tender and auction activity comprised standalone solar, floating solar, and wind-solar hybrid tenders. Solar capacity is calculated at 67% of the total tendered hybrid capacity for wind-solar hybrid tenders in places where specific solar capacities are not mentioned.

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