Skip to main content

India’s SVJN unveils the winners of its 1.5 GW solar and wind hybrid tender

SGEL, a subsidiary of the Indian company SVJN, has announced the winners of its tender to procure 1.5 GW of solar and wind hybrid power projects to be developed across India. Avaada Energy and JSW Energy were awarded 470 MW and 300 MW respectively, at a tariff of INR3.42/kWh (US$4.09c/kWh), while the rest of the capacity was awarded at a tariff of INR3.41/kWh. 

The other selected bidders are Ganeko Solar (300 MW), AMPIN (150 MW), Juniper (150 MW), Datta Power Infra (70 MW) and Inaayu Renewables (60 MW). The winning developers will establish the projects on a build-own-operate (BOO) basis under 25-year power purchase agreements (PPAs) signed with SJVN. 

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW. India plans to increase its non-fossil fuel capacity to 500 GW. In 2023, coal still represented 53% of India’s capacity with over 265 GW and 72% of its power generation with 1,347 TWh.