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SJVN unveils winners of its 1.5 GW renewable auction in India

Satluj Jal Vidyut Nigam’s (SJVN) auction for the supply of 1.5 GW of electricity from renewable energy projects in India with storage system has been awarded to ACME Cleantech Solutions, Juniper Green Energy, Tata Power Renewable Energy, Solarcraft Power India (Blupine), TEQ Green Power XVI (O2 Power), Hero Solar Energy and ReNew Solar Power. The tariff of INR 4.38 (US$0.053)/kWh has been awarded for the capacities of ACME (250 MW), Juniper (200 MW) and Tata (200 MW). ReNew (184 MW), Solarcraft (150 MW), Hero (120 MW) and TEQ (80 MW) offered a tariff of INR 4.39 (US$0.053)/kWh. SJVN has only allocated 1.18 GW of the 1.5 GW capacity on offer.

SJVN is an Indian public sector undertaking involved in hydroelectric power generation and transmission.

India’s electricity capacity amounts to 483 GW (end of 2022), with the following capacity mix: coal 54%, solar 13%, hydro 11%, wind 9%, gas 7%, oil 3%, biomass 2%, and nuclear 1%. The capacity has progressed by 23 GW/year, on average, since 2010. The share of CO2-free sources increased from 29% in 2010, to 32% in 2020, and 35% in 2022. The country has an ambitious target of 500 GW of non-fossil fuel capacity in 2030. It pledges to reach carbon-neutrality by 2070.