Adani, Sprng, Mahindra, Avaada Win NHPC’s 1.2 GW Hybrid Power Bid

11 Mar 2025 CW Team

Adani Renewable Energy, Sprng Vayu Vidyut, Illuminate Hybren (Mahindra Susten), and Avaada Energy have secured NHPC’s auction for developing 1,200 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects under Tranche-X. Adani won 600 MW, Sprng 150 MW, and Illuminate 240 MW at a tariff of Rs 3.41/kWh, while Avaada secured 210 MW at Rs 3.42/kWh.

The tender, issued in December 2024, also included a 1,200 MW greenshoe option. The hybrid projects must consist of at least 33% of either solar or wind capacity, and only commercially established technologies will be used to minimise risk and ensure timely commissioning. Developers can set up solar projects anywhere in India, with the flexibility to either buy or lease land.

This follows NHPC’s January auction where companies like Onix Renewable, Jindal India Renewable, NTPC Renewable Energy, and Adani Renewable Energy Holding Nine won bids for 1,200 MW solar projects with 600 MW/1,200 MWh energy storage systems. NHPC also recently invited bids for 24.22 MW rooftop solar installations across 245 government buildings in 25 states and union territories.

(Mercom)

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