SECI solar auction gets good response, auctions 1,200 MW solar projects
BENGALURU: Solar Energy Corporation of India has auctioned 1,200 MW solar projects, attracting much better response from developers than other recent auctions at much-lower tariffs, because it allowed developers to pass on any increase in costs due to safeguard or any other duty.
Softbank-backed SB Energy, AMP Energy and French state-run power major EDF won 600 MW, 100 MW and 300 MW, respectively, at a tariff of Rs 2.50 per unit, while Renew Power won 200 MW at Rs 2.51 per unit.
The renewable energy ministry’s nodal agency for solar and wind auctions received bids for 3500 MW in the auction that had set a ceiling tariff of Rs 2.78 per unit.
