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Winning Bid of ₹4.18 (~$0.064)/kWh Without VGF Quoted in SECI’s 5 MW Solar Auction

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A winning bid of ₹4.18/kWh without viability gap funding (VGF) was quoted in a 5 MW grid-connected solar PV project auction conducted by Solar Energy Corporation of India (SECI), under NSM Defence VGF Program. Giriraj Renewables Private Limited emerged as the successful bidder to develop the 5 MW grid-connected solar PV project at the Ordnance Factory in Kanpur, Uttar Pradesh.

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