JSW, Sunsure, UPC, NTPC REL win 1.5 GW solar auction

11 Mar 2024 CW Team

JSW Neo Energy (JSW Energy), Sunsure Solarpark Fourteen (Sunsure Energy), Tejorupa Renewables India Project (UPC Renewables), and NTPC Renewable Energy emerged as the victors in the Solar Energy Corporation of India?s (SECI) auction for the establishment of 1,500 MW Inter-State Transmission System (ISTS)-connected solar power projects in India under Tranche XIII.

It was announced that JSW, Sunsure, and UPC Renewables had secured 700 MW, 300 MW, and 250 MW, respectively, by quoting the lowest tariff of Rs 2.56/kWh.

NTPC Renewable clinched 250 MW out of the 600 MW quoted capacity at Rs 2.57/kWh.

The participants, including Jade Hybren (Mahindra), Datta Power Infra, ReNew Solar Power, Solarcraft Power India 8 (BluPine Energy), TEQ Green Power XXI (O2 Power), and Apraava Energy, were unsuccessful in their bids. SECI had initiated the tender process for the projects in December 2023.

The selected developers are granted the flexibility to choose the project locations while ensuring their connection to the ISTS, covering the transmission network extending up to the interconnection/delivery point.

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