GUVNL has allocated 500 MW of wind-solar hybrid projects at an average price of INR 3.36/kWh, in a tender for 500 MW hybrid renewable energy projects.
KPI Green bid for 50 MW and won the capacity by quoting the lowest tariff of INR 3.33/kWh. Juniper Green Energy has secured 120 MW at INR 3.34/kWh. GUVNL has allocated the remaining 330 MW to JSW Energy (180 MW) and Hinduja Renewables (150 MW) at INR 3.39/kWh each.
The successful bidders will set up grid-connected hybrid renewable energy projects on a build-own-operate basis. The projects can be set up anywhere in India. GUVNL will sign power purchase agreements (PPAs) for 25 years with the successful bidders
In April, Avaada Energy, a part of Avaada Group, won a 250 MW hybrid solar-wind project in a 1 GW tender issued by NTPC. It won the capacity at a competitive rate of INR 3.47/kWh. The project can be set up anywhere in India.
In March, NTPC completed its Tranche-IV tender for wind-solar hybrid projects, with an average tariff of INR 3.30/kWh. ABC Cleantech (Axis Energy) won the bulk of 750 MW by quoting the lowest tariff of INR 3.27/kWh. Juniper Green Energy has secured 300 MW at INR 3.29/kWh. The rest of the capacity was allocated to ReNew (300 MW) and ACME Cleantech (150 MW) at INR 3.32/kWh.
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