Connect with us

Hi, what are you looking for?

CleanTechnica
The sixth national-level wind energy auction in India witnessed stable, and relatively high, tariff bids from project developers. The Solar Energy Corporation of India (SECI) had offered 1.2 gigawatts in its fifth auction, after initially offering 2 gigawatts.

Clean Power

Wind Energy Tariffs Stable In India’s 1.2 Gigawatt Auction

The sixth national-level wind energy auction in India witnessed stable, and relatively high, tariff bids from project developers. The Solar Energy Corporation of India (SECI) had offered 1.2 gigawatts in its fifth auction, after initially offering 2 gigawatts.

The sixth national-level wind energy auction in India witnessed stable, and relatively high, tariff bids from project developers. The Solar Energy Corporation of India (SECI) had offered 1.2 gigawatts in its fifth auction, after initially offering 2 gigawatts.

The latest wind energy auction by SECI, which was concluded late last month, witnessed the greatest tariff being quoted by project developers since the very first auction that SECI held in February 2017. The February 2017 auction — the first-ever for wind energy projects in India — had yielded a lowest bid of Rs 3.46/kWh (¢4.70/kWh), with just of 1 gigawatt capacity auctioned. The lowest bid quoted in the latest tender is Rs 2.76/kWh (¢3.75/kWh).

The fifth trench of SECI wind auctions was not popular among prospective developers due to concerns over availability of sufficient transmission infrastructure to support the new projects. SECI had initially planned to offer 2 gigawatts. The total capacity bid was, however, just 1.69 gigawatts with several big companies missing from the list of prospective developers.

We had reported in August that SECI had decided to reduce the capacity on offer from 2 gigawatts to 1.2 gigawatts. Four developers — Alfanar Energy, ReNew Power, Sprng Energy, and Adani Green Energy — submitted bids to develop 300 megawatts of capacity each. Sprng Energy was reportedly missing from list of final bidders.

Successful bidders include Torrent Power (115 megawatts), Adani Green Energy (300 megawatts), Alfanar (300 megawatts), SITAC RE (300 megawatts), Ecoren Energy (175 megawatts), and ReNew Power (10 megawatts). All bids ranged between Rs 2.76/kWh (¢3.75/kWh) and Rs 2.77/kWh (¢3.76/kWh). With this win, Adani Green Energy closed the gap with ReNew Power in terms of cumulative capacity won in all wind auctions to just 200 megawatts. ReNew Power remains the largest company in terms of cumulative capacity won so far, with Adani now close behind.

Some of the major and frequent participants that were missing from this auction include Mytrah Energy, Inox Wind, Green Infra, Sprng Energy, and Hero Future Energies.

The latest tariffs were in-line with the previous national-level tender brought in by NTPC Limited for the same capacity. Compared to the fourth tranche of SECI, where 2 gigawatt capacity was auctioned, the bids increased by around 10%.

India’s total wind energy capacity auctioned now stands at 9.85 gigawatts. SECI had planned to auction 2.5 gigawatt wind energy capacity in the sixth trench. The tender no longer appears on SECI’s website, and its fate remains uncertain, until concerns over transmission infrastructure are addressed to developers’ satisfaction.

 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
 

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Cars

Although most vehicular traffic in India is two- and three-wheeled, it is still exciting to see the numbers of four-wheeled personal vehicles going electric...

Cars

As the world accelerates the transition to electric vehicles, it is important for the world’s largest markets to lead the way in terms of...

Biofuels

At the coal face of a conference that involved governmental figures, academics, logistics customers and OEMs, the detailed technical conversations are almost all about...

Cars

After a very slow start, the Indian battery-electric car market is starting to get exciting. BYD is expanding its presence in the country, shifting...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.