The Indian energy company SJVN has unveiled the winners of its latest tender to procure 1.2 GW of ISTS-connected wind-solar hybrid capacity, to be developed across India. Gentari Renewables secured 400 MW, while Juniper Green and EG Energy won 300 MW each. In addition, Sunsure Energy secured 130 MW and Datta Infra 70 MW. All bids were awarded at a tariff of INR3.19/kWh (US$3.8c/kWh). The projects will be developed on a build-own-operate (BOO) basis and SJVN will enter into a power purchase agreement (PPA) with the winning developers for purchase of power for a period of 25 years.
At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW. India plans to connect 30 to 35 GW of solar and wind energy capacity to its grid during the fiscal year 2024-2025, and plans to eventually increase its non-fossil fuel capacity to 500 GW by 2030.
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