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SECI Issues 720 MW Wind-Solar Hybrid Project Capacity

India's second solar wind hybrid auction has been concluded and the results are out. After the unsatisfactory response of project developers to SECI's second solar wind hybrid, the fiscal bidding round of the tender was recently concluded.

Only two developers, Adani Green Energy and ReNew Power participated in the recently concluded in the auction. Adani Green Energy bid for 600 megawatts of power at the rate of Rs 2.69/kWh and was allocated the entire capacity, whereas ReNew Power, that had bid for 300 megawatts of power at the rate of Rs 2.70/kWh, was granted 120 megawatts of projects.

SECI had issued a tender to auction 1.2 gigawatts of solar wind hybrid capability in February 2019.

In the earlier tender, bids for only 1.05 gigawatts were obtained from two project developers against the auctioned. Of this, only 840 megawatts were allocated to 2 project developers, Adani Green Energy at Rs 2.69/kWh and Softbank endorsed SB Energy Rs 2.67/kWh.

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