星期四, 22 5 月, 2025
Home PV News Renew Power wins 400 MW round-the-clock renewable auction at Rs 2.90/kWh

Renew Power wins 400 MW round-the-clock renewable auction at Rs 2.90/kWh

The developer can choose to set up solar, wind or hybrid plant, along with appropriate energy storage system to ensure round-the-clock power supply.

Source:pv magazine

The Solar Energy Corporation of India has concluded the 400 MW round-the-clock renewable power supply auction. The procurement exercise was held for supply to New Delhi Municipal Council (200 MW) and Dadra & Nagar Haveli (200 MW) utility.

The procurement round was oversubscribed, with bids received for close to 950 MW capacity.

Renew Power secured the entire capacity of 400 MW by quoting the lowest first-year tariff of Rs 2.90/kWh.

As per the terms of tender, the tariff would escalate by 3% annually, up to the end of the 15th contract year of the power purchase agreement. It shall subsequently be fixed thereafter, for the remaining term of the PPA.

The developer can choose to set up a hybrid plant combining solar and wind components, or augment the project with appropriate energy storage system to ensure round-the-clock power supply.

The interstate transmission system  (ISTS) connected projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Eku Energy acquires Bluestone BESS pipeline

Battery energy storage system (BESS) firm Eku Energy has acquired Bluestone Energy’s BESS portfolio. Eku Energy has taken on seven planned BESS projects from renewable...

Intersolar Europe 2025: Sungrow Debuts Revolutionary Renewable Energy Breakthroughs

Sungrow, the global leading PV inverter and energy storage system (ESS) supplier, showcased a broad range of solar, storage, EV charging, module-level power electronics...

Reliability in Extreme Latitude: Sungrow Deploys 60MWh Battery Storage Project Close to the Arctic Circle

Sungrow, the global leading PV inverter and energy storage system provider, announces the successful deployment of the 60MWh battery storage project in Simo, Finland....

Jinko ESS partners with Filkab to launch dual-track energy storage strategy in Bulgaria

Jinko ESS has announced the signing of a contract with leading Bulgarian energy solutions provider Filkab to implement a dual-track energy storage strategy aimed...