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					</table><p><a href="https://www.alfanarprojects.com/" target="_blank" rel="noopener">Alfanar Projects</a>, <a href="https://www.junipergreenenergy.com/" target="_blank" rel="noopener">Juniper Green Energy</a>, and RIH Renewables (<a href="https://www.edf-re.in/" target="_blank" rel="noopener">EDF Renewables</a>) were declared winners in Gujarat Urja Vikas Nigam’s (<a href="https://www.guvnl.com/" target="_blank" rel="noopener">GUVNL</a>) auction to set up 500 MW of grid-connected wind power projects anywhere in India (Phase VI) with a greenshoe option of an additional 500 MW.</p>
<p>Alfanar quoted the lowest tariff of ₹3.42 (~$0.0411)/kWh to win 50 MW, followed by Juniper Green Energy, which quoted a tariff of ₹3.44 (~$0.0413)/kWh and won 90 MW.</p>
<p>RIH Renewables, with a bid of ₹3.45 (~$0.0414)/kWh, secured 24 MW out of the 40 MW it had bid for.</p>
<p>Solarcraft Power India also offered a tariff of ₹3.51 (~$0.0421) for 25 MW; however, it did not win the capacity.</p>
<p>Out of the total 500 MW bid capacity, only 164 MW was allotted.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-61863 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533.png" alt="" width="728" height="306" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533.png 728w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533-300x126.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533-650x273.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533-624x262.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-182533-600x252.png 600w" sizes="(max-width: 728px) 100vw, 728px" /></p>
<p>GUVNL had <a href="https://www.mercomindia.com/guvnl-bids-500-mw-wind-projects-greenshoe" target="_blank" rel="noopener">floated</a> the tender earlier in July last year.</p>
<p>The project locations within India are to be determined by the winning bidders.</p>
<p>Successful bidders are mandated to furnish a performance bank guarantee of ₹2 million (~$24,287)/MW for the allotted capacity upon signing the power purchase agreement (PPA).</p>
<p>A 25-year PPA with GUVNL is obligatory for the winning bidders.</p>
<p>The wind project developers will have to bear the responsibility of designing interconnections with the state or central transmission utility through a dedicated transmission line for energy delivery at the Gujarat Energy Transmission Corporation periphery.</p>
<p>The projects must be commissioned within 24 months of PPA signing, with a minimum capacity of 25 MW (Intra-State Projects) or 50 MW (Inter-State Projects) for the first part of commissioning or 50% of the allocated capacity, whichever is lower.</p>
<p>The tender was open for projects at various stages, including those under construction or not yet commissioned. These projects, not bound by long-term PPAs or existing obligations, will be considered, provided they are not already accepted under other central or state programs.</p>
<p>The wind project developer must guarantee an annual capacity utilization factor (CUF) of no less than 22%, maintaining generation within +20% and -20% of the declared CUF throughout the PPA duration.</p>
<p>In case of underperformance, the developer is liable to pay GUVNL compensation of 50% of the PPA tariff. If generation exceeds 20% of the declared annual CUF, developers can sell the excess power to any entity, with GUVNL having the first right of refusal.</p>
<p>If GUVNL opts to purchase the excess power, the compensation to the developer will be at 75% of the PPA tariff.</p>
<p>Recently, GUVNL <a href="https://www.mercomindia.com/guvnl-500-mwh-battery-energy-storage" target="_blank" rel="noopener">invited</a> bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under tariff-based global competitive bidding (Phase II).</p>
<p>In August 2022, GUVNL <a href="https://www.mercomindia.com/guvnl-invites-bids-1-gwh-standalone-battery-energy-storage/" target="_blank" rel="noopener">invited</a> bids to set up pilot projects of 1 GWh standalone battery energy storage systems in Gujarat.</p>


Alfanar, Juniper Green and EDF Renewables Win GUVNL’s 500 MW Wind Auction

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