NHPC Limited’s 1.5 GW Wind-Solar Hybrid Tender: Bid Result Reveals Juniper Green Energy, Energizent Power, and Avaada Energy Victories

In a recent auction conducted by NHPC Limited for Wind-Solar Hybrid technology, a significant milestone was achieved as Juniper Green Energy Private Limited, Energizent Power Private Limited (O2 Power), and Avaada Energy Private Limited emerged as the top bidders. The tender, which invited bids for a capacity of 1500 MW, saw an electronic reverse auction conducted for 960 MW.

During the competitive bidding process held on February 13, 2024, Juniper Green Energy Private Limited secured an award for their bid capacity of 150 MW, offering the lowest final tariff of INR 3.48 per kWh. Following closely, Energizent Power Private Limited (O2 Power) secured an award for their bid capacity of 300 MW at a final tariff of INR 3.49 per kWh. Avaada Energy Private Limited, with the highest bid capacity of 750 MW, was awarded 510 MW at the same final tariff of INR 3.49 per kWh.

This bid result underscores the growing competitiveness and attractiveness of renewable energy projects in India, particularly in the wind-solar hybrid sector. The successful bids reflect a trend towards increasingly favorable tariffs, indicating the feasibility and economic viability of renewable energy ventures. Such developments are crucial in India’s pursuit of achieving its renewable energy targets and transitioning towards a greener and more sustainable energy landscape.

The awarded capacities to these leading bidders signify a significant step forward in the expansion of renewable energy infrastructure, contributing towards India’s commitment to reducing carbon emissions and fostering a cleaner environment. This bid outcome marks a positive stride in the country’s renewable energy journey, signaling promising prospects for further advancements in the sector.

The tender was floated in November of last year.