Indian state-owned power utility Gujarat Urja Vikas Nigam Limited (GUVNL) has selected eight renewable companies to develop 745 MW of wind power projects in Gujarat (India). GUNVL offered a total capacity of 1,000 MW in March 2019 and received bids for 931 MW. It then held a reverse wind power auction for 745 MW and awarded 200 MW to Renew Wind Energy (tariff of INR 2.95/kWh, i.e. US$4.19c/kWh), 114 MW to Adani Renewable, 101 MW to Sarjan Realities (tariff of INR 2.87/kWh, i.e. US$4.07c/kWh), and 100 MW each to Vena Energy Shivalik Wind Power and Virdi Clean Alternatives (respectively INR 2.81/kWh, i.e. US$3.99c/kWh and INR 2.95/kWh, i.e. US$4.19c/kWh).
In addition, GUVNL also held a solar auction for 250 MW out of a 1,000 MW tender at the Dholera solar park. The power utility selected Tata Power Renewable Energy for a 200 MW project and Gujarat Industries Power Company (GIPCL) for a 50 MW project. Both projects were awarded at the ceiling price of INR2.75/kW (US$3.91c/kWh).
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