Wind energy solution provider Inox Wind has reportedly won 50 MW in the Maharashtra state auctions concluded recently, at a tariff of Rs 2.86 per unit. The bid was won at a fixed price of Rs 2.86 per unit for a period of 25 years. This win is on back of the 300 MW order win from SECI-1 auctions, 300 MW in SECI-2 auctions and 200 MW from SECI-3 auctions.
The 50 MW project will be executed over the next 12-15 months. Inox Wind will be responsible for the development, construction and commissioning and will provide long term operations and maintenance services. This win will reportedly enhance the company’s auction based order book to a sector leading 850 MW.
With this auction, the government has auctioned 5.5 GW in SECI and state auctions this year and the auction of 2 GW SECI-4 auction and 500 MW Greenshoe project auction. With Maharashtra wind power auction tariff at Rs 2.86 per unit, it is expected that the states with lower PLF (plant load factor) sites will show higher tariffs than in central auctions where higher PLF sites are used.