Gujarat awards 500MW in latest solar auction at 2.65 rupees low

Facebook
Twitter
LinkedIn
Reddit
Email
The Discom reduced solar park charges to try and attract lower bids in its second attempt. Flickr: Arian Zwegers

The first auction for capacity at the Raghanesda Solar Park in the Indian state of Gujarat was scrapped due to high tariffs, but a second attempt has drawn far lower tariffs.

Gujarat Urja Vikas Nigam (GUVNL)'s auction saw French power giant Engie grab 200MW, with two local state-run firms and Tata Power picking up the remaining 300MW. The 700MW tender was disappointingly undersubscribed earlier this week and now just 500MW have been awarded.

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

High tariffs last December of between 2.84-2.89 rupees from the likes of Softbank, Fortum and Engie, led GUVNL to cancel its first auction, but the Discom then reduced solar park charges to try and attract lower bids in its second attempt.

The results of this second auction were as follows:

Bidder Capacity (MW) Tariff (INR/kWh)
Engie 200 2.65
Gujarat State Electricity Corporation 100 2.68
Gujarat Industries Power Company 100 2.68
Tata Power 100 (bid for 200) 2.70

Tender and auction cancellations in Gujarat have led to some heavyweight firms avoiding the state due to the uncertainties and it remains to be seen whether GUVNL will follow through with its latest auction.

Read Next

Premium
May 22, 2026
As trade dynamics shift, could the EU become the next big market for Indian solar suppliers? PV Tech Premium explores the outlook with Wood Mackenzie’s Yana Hryshko and IEEFA’s Charith Konda.
May 21, 2026
Indian renewable energy company SAEL has commissioned 600MW of solar project in Kurnool, Andhra Pradesh. 
May 20, 2026
GameChange Solar has partnered with First Solar to support the deployment of domestically manufactured thin-film solar modules in India. 
May 20, 2026
The US$300 million North Star platform will target investments across solar, wind, hybrid and energy storage projects. 
May 19, 2026
Inox Clean Energy has completed the acquisition of US solar manufacturer Boviet Solar Technology in a deal valued at around US$750 million.
May 18, 2026
RUMSL has launched two solar-plus-storage projects in India designed to provide power supply during peak demand periods.

Upcoming Events

Upcoming Webinars
May 27, 2026
9am BST / 10am CEST
Upcoming Webinars
May 27, 2026
9am BST / 10am CEST
Media Partners, Solar Media Events
June 2, 2026
Johannesburg, South Africa
Media Partners, Solar Media Events
June 3, 2026
National Exhibition and Convention Center (Shanghai)
Solar Media Events
June 16, 2026
Napa, USA