Gujarat Urja Vikas Nigam Limited (GUVNL) has auctioned 500MW of grid-connected solar capacity with winning tariffs in the range of INR2.55-2.66/kWh (US$3.6-3.8 cents).
Paryapt Solar, a unit of UPC Solar, a firm that primarily develops renewables in North America, put in the lowest bid of 2.55 rupees per unit for 50MW of capacity.
The results of the auction were as follows:
| Bidder | Tariff (INR/kWh) | Capacity (MW) |
|---|---|---|
| Paryapt Solar Energy | 2.55 | 50 |
| Gujarat State Electricity Corporation | 2.67 | 75 |
| Juniper Green Energy | 2.67 | 120 |
| Adani Renewable Energy Park | 2.67 | 150 |
| ReNew Solar Power | 2.68 | 105 (bid for 250) |
PV Tech yesterday reported results of a 1GW solar auction in the state of Maharashtra, which saw winning prices in the range of 2.74-2.75 rupees per unit.
175MW solar park tenders
Gujarat State Electricity (GSECL) has also released tenders for 175MW of PV in solar parks.
The scope of the work includes design, engineering, supply & procurement, construction, erection, testing, commissioning, operation & maintenance of a 75MW project at Dhuvaran and a 100MW at Raghanesda Ultra Mega Solar Park.