The latest reverse auction for 2,000 mega-watt (MW) of solar capacity, conducted by NHPC, has discovered a tariff of Rs 2.55 per unit. Though this is higher than the lowest bid of `2.50\/unit in the auction for 1,200 MW of solar capacity held in February, it is still much lower than Rs 2.71\/unit in the last major solar auction in October, 2019.
\nAccording to sources, SoftBank Group\u2019s SB Energy, Axis Energy Group (backed by Canadian investment firm Brookfield), O2 Power and New York-based Eden Renewables\u2019 Indian arm have been awarded 600 MW, 400 MW, 380 MW and 300 MW, respectively, all at Rs 2.55\/unit. Avaada Energy was awarded 320 MW at Rs 2.56\/unit against their bid for 600 MW.<\/p>\n
The auction had received a positive response from investors with NHPC receiving bids of 3,540 MW for the tender. This is a shift from the recent trend of tenders being under-subscribed. As it was with the last major solar tender auctioned by SECI in February, the winning developers are backed mostly by foreign capital. The renewable energy industry is one of the major FDI earners with the sector attracting $4.8 billion foreign capital till 2019 end since FY15.<\/p>\n","protected":false},"excerpt":{"rendered":"
The latest reverse auction for 2,000 mega-watt (MW) of solar capacity, conducted by NHPC, has discovered a tariff of Rs 2.55 per unit. Though this is higher than the lowest bid of `2.50\/unit in the auction for 1,200 MW of solar capacity held in February, it is still much lower than Rs 2.71\/unit in the last major solar auction in October, 2019. According to sources, SoftBank Group\u2019s SB Energy, Axis Energy Group (backed by Canadian investment firm Brookfield), O2 Power and New York-based Eden Renewables\u2019 Indian arm have been awarded 600 MW, 400 MW, 380 MW and 300 MW, respectively, […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-347179","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347179"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347179\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}