NTPC Awards 1.58 GW DCR Solar Modules Contract to Emmvee, Vikram Solar and ReNew

NTPC Renewable Energy Limited (NTPC REL) has announced the winners of its auction for the supply of 1.58 GW of crystalline solar bifacial modules, each with a minimum wattage output of 540 Wp, for projects totaling 1,255 MW at Khavda Solar Park in Gujarat’s Kutch district. The auction, initiated in September 2023, saw Emmvee, Vikram Solar, and ReNew emerge as the successful bidders.

Emmvee secured two blocks, each with a capacity of 397.70 MW, totaling 795.4 MW. Vikram Solar won a block with a capacity of 397.70 MW, while ReNew received the final block of 391.50 MW. The exact values of the contracts were not disclosed. All modules will be provided under the domestic content requirement (DCR) category, and the winning bidders must supply the modules within 245 days of receiving the award notification. Emmvee will supply its TOPCon bifacial PV modules for the project.

The tender details specified the requirement for 1.58 GW of bifacial crystalline solar modules for 1,255 MW solar projects in Khavda Solar Park. Bidders were allowed to quote supply capacities in four blocks: Block-1 (391.50 MW), Block-2 (397.70 MW), Block-3 (397.70 MW), and Block-4 (397.70 MW). A bid security deposit of ₹20 crore was required for one or two blocks, and ₹50 crore for three or four blocks.

Eligibility criteria included a history of supplying solar modules or cells with a cumulative capacity of at least 40 MW, including one order of 10 MW or more, and meeting financial turnover requirements based on the quoted capacity. Additionally, bidders’ net worth as of the last day of the preceding financial year needed to equal at least 100% of their paid-up share capital. Companies from countries sharing a land border with India had to be registered with the competent authority to participate.

This auction highlights NTPC REL’s commitment to enhancing renewable energy capacity in India through transparent and competitive bidding processes.