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India’s SJVN unveils winners of its 1.5 GW auction for wind-solar hybrid projects

The Indian energy company SJVN has announced the winners of its auction to develop 1.5 GW of Inter-State Transmission system (ISTS)-connected wind-solar hybrid power projects across India. Avaada Energy was awarded 530 MW at a tariff of INR3.49/kWh (US$4.21c/kWh), while Green Infra Wind Energy (Sembcorp) won 440 MW and Energizent Power (O2 Power) won 270 MW, both at a rate of INR3.48/kWh (US$4.19c/kWh).

In addition, Juniper Green Energy was awarded 150 MW at the lowest tariff of INR 3.43/kWh (US$4.13c/kWh). Other winners included Green Prairie Energy (60 MW, INR3.48/kWh) and Datta Power Infra (50 MW, INR3.47/kWh, or US$4.18c/kWh). NTPC Renewable Energy’s bid for 300 MW at INR3.55/kWh (US$4.3c/kWh) did not qualify. SJVN will enter into a power purchase agreement (PPA) with the successful bidders for a period of 25 years.

At the end of 2022, solar and wind accounted for 22% of installed capacity in India, with respectively 63 GW and 42 GW, while hydropower capacity surpassed 51 GW. India plans to increase its non-fossil fuel capacity to 500 GW.