In this case the capacity is not within a solar park. Credit: ReNew Power

In this case the capacity is not within a solar park. Credit: ReNew Power

Maharashtra’s latest 1GW auction has attracted winning bids between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.

Biddertariff (INR/kWh)capacity (MW)
JLTM Energy2.7120
Mahoba Solar (UP)2.71200
ReNew Power2.72250
Acme Solar2.72250
Tata Power Renewable Energy2.72150
Azure Power2.72150

Mudit Jain, consultant at Bridge to India, noted that tariffs had changed little from the INR2.72-2.73/kWh discovered in NTPC’s 750MW auction for the Ananthapuramu solar park in Andhra Pradesh earlier this month. However, in this case the capacity is not within a solar park. Jain noted that aggressive bidding has remained despite the lack of solar park but also suggested that the bids were a slightly “too aggressive”.

Giriraj Renewables and Shappoorji Pallonji lost out in the auction with bids of 2.72 and 2.76 rupees respectively.

Gujarat Urja Vikas Nigam Limited (GUVNL), a Discom in the state of Gujarat, recently scrapped a tender after its 500MW auction saw tariffs hover around the 3 rupee mark since it was hoping to attract far lower bids.

Tags: mudit jain, bridge to india, india, maharashtra, renew power, acme, tprel, azure

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