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Daily News Wrap-Up: SECI’s Auction for 2 GW ISTS-connected Solar Projects

India's Solar Park Initiative gains momentum with 10,237 MW installed to date.

July 24, 2023

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SAEL, ReNew Power, Eden Renewables, Jakson, Shiva Corporation, and Avaada Energy won Solar Energy Corporation of India‘s auction to set up 2 GW interstate transmission system-connected solar projects (Tranche XI) in India. SAEL and ReNew Power bagged 600 MW each, quoting ₹2.60 (~$0.032)/kWh. Eden won 300 MW by quoting ₹2.60 (~$0.032)/kWh, and Jakson secured 200 MW by quoting ₹2.60 (~$0.032)/kWh. Shiva Corporation quoted ₹2.60 (~$0.032)/kWh for 100 MW. Avaada was the only bidder to quote ₹2.61 (~$0.032)/kWh and bagged 200 MW out of the quoted capacity of 500 MW.

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