Winners of SECI’s 1.2 GW wind auction in Karnataka
POWER & RENEWABLE ENERGY

Winners of SECI’s 1.2 GW wind auction in Karnataka

Adani Power, JSW Energy, Ayana Renewable and Evergreen Renewables emerged as winners in the Solar Energy Corporation of India’s (SECI) pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka.

Adani Renewable Energy Holding Fifteen won 300 MW of the auctioned capacity, quoting the lowest tariff of Rs 2.77 per kWh.
Evergreen Power Mauritius won 150 MW at Rs 2.78 per kWh.
Ayana Renewable Power Six won 300 MW at Rs 2.78 per kWh.
JSW Energy got 450 MW at Rs 2.78 per kWh.

The last pure wind capacity auction in the country was conducted 18 months ago. In the last one year or so, the government has been keen on inviting bids for solar and hybrid (wind and solar at 8:2 ratio) power projects, while pure wind power projects did not get attention.

Until this auction, wind auctions in India witnessed a lukewarm response from bidders. SECI’s 2019 wind auctions attracted only two bidders, with developers claiming that SECI had been practising a “ceiling tariff” policy.

Capacity Utilisation Factor (CUF) is the measure of total wind power potential in a region. If CUF is higher than 35, it means the region has a potential of 57 GW.

The bidders who failed to make the cut in the latest auction are:

AMP Energy for 150 MW at Rs 2.88/kWh
Azure Power, who bid for 300 MW at Rs 2.79/kWh
Halvad Renewables for 300MW at Rs 3.39/kWh
O2 Power SG for 300 MW at Rs 2.80 kWh
Renew Vyan Shakti for 300MW at Rs 3.28/kWh
Sirdi Sai Electricals for 300 MW at Rs 2.84/ kWh
Tunga Renewable for 150 MW at Rs 3.04/kWh

Image Source


Also read: Part of first reverse wind auction opened

Also read: Payment delays increase risk and project costs for solar and wind projects in many states

Adani Power, JSW Energy, Ayana Renewable and Evergreen Renewables emerged as winners in the Solar Energy Corporation of India’s (SECI) pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka. Adani Renewable Energy Holding Fifteen won 300 MW of the auctioned capacity, quoting the lowest tariff of Rs 2.77 per kWh.Evergreen Power Mauritius won 150 MW at Rs 2.78 per kWh. Ayana Renewable Power Six won 300 MW at Rs 2.78 per kWh. JSW Energy got 450 MW at Rs 2.78 per kWh. The last pure wind capacity auction in the country was conducted 18 months ago. In the last one year or so, the government has been keen on inviting bids for solar and hybrid (wind and solar at 8:2 ratio) power projects, while pure wind power projects did not get attention. Until this auction, wind auctions in India witnessed a lukewarm response from bidders. SECI’s 2019 wind auctions attracted only two bidders, with developers claiming that SECI had been practising a “ceiling tariff” policy. Capacity Utilisation Factor (CUF) is the measure of total wind power potential in a region. If CUF is higher than 35, it means the region has a potential of 57 GW. The bidders who failed to make the cut in the latest auction are: AMP Energy for 150 MW at Rs 2.88/kWh Azure Power, who bid for 300 MW at Rs 2.79/kWh Halvad Renewables for 300MW at Rs 3.39/kWh O2 Power SG for 300 MW at Rs 2.80 kWh Renew Vyan Shakti for 300MW at Rs 3.28/kWh Sirdi Sai Electricals for 300 MW at Rs 2.84/ kWh Tunga Renewable for 150 MW at Rs 3.04/kWh Image Source Also read: Part of first reverse wind auction opened Also read: Payment delays increase risk and project costs for solar and wind projects in many states

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?