Indian auctions award 3.2 GW of solar capacity

9 May 2022

The Solar Energy Corporation of India (SECI) has selected Tata Power, NTPC Renewable, AMP Energy and SJVN in an auction to build 1,200 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects (Tranche-V) across India. Tata Power won 600 MW, NTPC Renewable 450 MW, AMP 120 MW at INR2.53/kWh (US$3.3c/kWh, +8.5% compared to the previous auction for wind-solar hybrid projects by SECI), whereas SJVN received only 30 MW at INR2.54/kWh (US$3.3c/kWh).

In addition, SVJN has awarded a solar engineering, procurement and construction (EPC) order of 1 GW for INR55bn (US$710m) to Tata Power Solar. The project will be developed under the central public sector undertaking (CPSU) scheme of the Ministry of New & Renewable Energy (MNRE) and will be completed within a period of two years. Covering around 5,000 acres (200 hectares) of land in Rajasthan, the solar project is expected to generate around 2.5 TWh/year of power.

Finally, the Indian state-owned salt producer Hindustan Salts is seeking bids to build and operate a 1 GW solar project on a 5,000 acres (200 hectares) plot of disused land at Kharaghoda, Surendernagar district in the state of Gujarat. The developer, which will generate revenue from the sale of generated power, will be responsible of all the expenditures for the project installation, approvals and power purchase agreements.

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