Sprng Energy, IB Vogt, Hinduja and Blupine Emerge Winners at GUVNL’s 500 MW (Tranche XVIII) Solar Auction

Sprng Energy, IB Vogt, Hinduja National Power Corporation and Blupine have emerged as the winners of the 500 MW solar auction conducted by the Gujarat Urja Vikas Nigam Limited.

Sprng Energy, Hinduja Renewables, Blupine Energy and IB Vogt won Gujarat Urja Vikas Nigam (GUVNL’s) auction to supply power from 500 MW of grid-connected, solar power projects (Tranche XVIII), with an greenshoe option for 500 MW more.

Sprng Energy won the maximum capacity of 200 MW at Rs 2.51, ib vogt got 130 MW, Hinduja 120 MW and Blupine won 50 MW all at Rs. 2.52.

There were 22 bidders in the auction, making it highly competitive. The solar projects built by the winners range from 50 MW up to 200 MW in capacity.

The auction is part the Gujarat state government’s efforts to increase renewable energy and reach its goal of 10 GW installed solar capacity by 2022. These projects will generate over 1,000 GWh per year of clean energy and help to reduce the state’s carbon footprint.

The tender for floated by GUVNL in October.

These projects can be installed anywhere in the country. Winners must pay all transmission costs and losses to the point of delivery for interstate or central transmission utility network-connected project. The project must be designed to supply energy at the Gujarat Energy Transmission Corporation’s (GETCO) peripheral. The project can be interconnected with GETCO or the central transmission substation via a dedicated line.

To minimize technology risk and ensure timely commissioning, only commercially-proven and operational technologies are allowed. The approved list of manufacturers and models that have been approved by the Ministry of New and Renewable Energy (MNRE) should be used to select the modules for the project.