SECI’s 2500 MW Blended Solar Wind Projects Receives Lowest Bid of INR 2.99/kWh

Vena Energy, JSW Solar and Inox wind have quoted 160,970 and 80 MW of blended wind projects of Solar Energy Corporation of India’s (SECI) 2.5 GW tender for interstate-connected (ISTS) blended wind power projects (Tranche IX), according to official sources .

Vena Energy Vidyut Private Limited quoted the lowest tariff of ₹2.99 /kWh, , JSW Solar quoted tariff of ₹3 /kWh whereas INOX Wind Infrastructure Services Ltd  quoted tariff of ₹3.41 /kWh under the bucket filling method.

In July, SECI issued amendments to 2 GW of ISTS connected wind tender and increased the capacity of the 2 GW tender  to 2.5 GW.The tender was floated in March 2020.

Recently, The Ministry of New and Renewable Energy (MNRE) has recently issued Guidelines for the tariff-based competitive bidding process for Scheme procurement of blended wind power from 2500 MW ISTS connected projects.

The government has issued two sets of standard bidding guidelines for tariff-based competitive bidding for wind and solar power projects respectively. It has also sanctioned a Scheme of 2500 MW of wind-solar hybrid power projects. 

Ministry said that As a step towards ensuring the availability of renewable energy to DISCOMs at competitive rates and also developing wind power sector which is primarily domestic, they decide to announce a scheme for Tariff Based Competitive Bidding Process for procurement of REpower from 2500 MW ISTS Connected Blended Wind Power Projects’ for procurement of power at a tariff discovered through a transparent process of bidding through Solar Energy Corporation of India (SECI).