JSW Neo Energy (JSW Energy), Powerica, and Torrent Power were declared winners in Solar Energy Corporation of India’s auction to set up 1.35 GW inter-state transmission system (ISTS)-connected wind power projects with a 700 MW greenshoe option (Tranche-XVI). For projects to be set up in Gujarat, JSW won 350 MW at a tariff of ₹3.61 (~$0.0431)/kWh. JSW was also awarded an additional 350 MW at a tariff of ₹3.61 (~$0.0431)/kWh under the greenshoe option. Powerica quoted a tariff of ₹3.70 (~$0.0442)/kWh to win 50 MW. For projects to be set up in Karnataka, Torrent won 100 MW at a tariff of ₹3.60 (~$0.0430)/kWh.