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SECI Awards Contracts to 6 Firms for 1200 MW Wind-Solar Hybrid Projects

Juniper Green Energy quoted the lowest tariff of INR 3.43/kWh to secure 150 MW in the auction.

June 15, 2024. By Abha Rustagi

The Solar Energy Corporation of India (SECI) has awarded contracts to six firms following its auction to develop 1,200 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects (Tranche VIII).

Juniper Green Energy quoted the lowest tariff of INR 3.43/kWh to secure 150 MW in the auction.

Asurarai Renewables, AMPIN Energy, Datta Power, JSW Energy, and Avaada Energy each quoted INR 3.45/kWh to secure 300 MW, 300 MW, 150 MW, and 60 MW respectively. Avaada Energy secured 240 MW out of their quoted capacity of 600 MW under the bucket-filling method, offering a tariff of INR 3.46/kWh.

The auction, initiated by SECI in February, drew competitive bids from leading renewable energy developers. Projects awarded under this tender must be operational within 24 months of signing the power purchase agreements (PPA).

Under the terms, a hybrid power project combines both solar and wind components, with each component required to constitute at least 33 percent of the contracted capacity.

Deployment specifications mandate the use of wind turbine models from the Revised List of Models and Manufacturers and solar modules registered in the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy.