Bids ‘remain aggressive’ in Maharashtra’s 1GW solar auction
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.
| Bidder | tariff (INR/kWh) | capacity (MW) |
|---|---|---|
| JLTM Energy | 2.71 | 20 |
| Mahoba Solar (UP) | 2.71 | 200 |
| ReNew Power | 2.72 | 250 |
| Acme Solar | 2.72 | 250 |
| Tata Power Renewable Energy | 2.72 | 150 |
| Azure Power | 2.72 | 150 |
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.
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