Surprisingly ‘aggressive’ tariffs in Maharashtra’s 250MW solar auction

Facebook
Twitter
LinkedIn
Reddit
Email
Power procured by SECI from the projects will be sold to the State Discom Maharashtra State Electricity Distribution Co. Limited (MSEDCL). Credit: NTPC

Bids have ranged between 2.87-2.91 rupees (U$0.041) per unit in a 250MW solar auction at a challenging location, known as the Dondaicha Solar Park in the state of Maharashtra, India.

Solar Energy Corporation of India (SECI) issued the tender last October.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The bidding results were as follows:

Bidder Capacity (MW) Tariff (INR/kWh)
Talettutayi Solar (SolarArise) 50 2.87
Tata Power (TPREL) 100 2.88
NTPC 100 (bid for 250) 2.91

Vinay Rustagi, managing director of consultancy firm Bridge to India, told PV Tech: “This is a challenging site – relative lower irradiation, forest land, difficult access – and has high solar park charges. There was limited bidding interest and it is therefore surprising to see tariffs on the aggressive side, all factors considered. “

The capacity has been split into five projects of 50MW each, with plants to be set up on a Build Own Operate (BOO) basis. Power procured by SECI from the projects will be sold to the State Discom Maharashtra State Electricity Distribution Co. Limited (MSEDCL).

India's auction activity has picked up slightly in recent days, with 750MW also awarded in two separate auctions in the state of Gujarat.

Gujarat Urja Vikas Nigam (GUVNL)'s 500MW auction at the Raghanesda Solar Park saw French power giant Engie grab 200MW, with two local state-run firms and Tata Power picking up the remaining 300MW. Tariffs ranged between 2.65-2.70 rupees.

Later, GUVNL's 1GW auction at the Dholera Solar Park saw just 250MW awarded to Tata Power and local state-run firm GIPCL, with tariffs remaining at the ceiling price of 2.75 rupees per unit.

Rustagi has previously said that there is a disappointing trend in India solar at present of low interest in various tenders.

Read Next

October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 9, 2025
Singapore-based Sembcorp Industries has agreed to acquire ReNew’s 300MW solar power unit in India for around US$246 million.
October 9, 2025
Avaada has inked an MoU with the Gujarat government to develop solar, wind, and BESS worth INR360 billion (US$4.05 billion). 
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK