No surprises in SECI’s 1.2GW solar auction

Facebook
Twitter
LinkedIn
Reddit
Email
Bridge to India MD syas results were broadly in line with expectations. Credit: ReNew Power

Solar Energy Corporation of India's (SECI) 1.2GW pan-India solar auction has drawn in winning players and bids that could largely have been expected.

The huge Interstate Transmission System (ISTS)-connected auction saw the usual big names participate and bids ranged between 2.54-2.55 rupees (~US$0.037) per unit.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Bidder Tariff (INR/kWh) Capacity (MW)
Ayana (CDC Group) 2.54 300
ReNew 2.54 300
Azure 2.54 300
Mahindra 2.54 250
Avaada 2.55 50 (bid for 350)

Softbank entity SB Energy also bid for 300MW but lost out with a 2.55 rupee bid.

Vinay Rustagi, managing director of consultancy firm Bridge to India, told PV Tech: “These are broadly in line with expectations and consistent with what we have seen for the previous ISTS tenders so no surprises at all in terms of who the winners are and where the tariffs have ended up, but this is where the market is at right now.”

Indeed, SECI's February 1.2GW ISTS auction drew winning bids of 2.55-2.61 rupees, only slightly higher than this week's tariffs.

Read Next

June 17, 2025
Indian module manufacturer Ahaan Solar has started construction of a 2GW solar module assembly plant in Rohnat, Haryana.
June 16, 2025
The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.
June 13, 2025
Indian solar developer Solarium Green Energy has planned to build a 1GW module manufacturing plant in the western Indian state of Gujarat.
Premium
June 12, 2025
PV Talk: Vinay Rustagi, director of Indian solar manufacturer Premier Energies, discusses the company’s upstream manufacturing plans and why he believes India can become a counterweight to Chinese PV hegemony.
June 12, 2025
Waaree Solar Americas will supply 599MW of solar modules supply agreement to an undisclosed US-based independent power producer (IPP).
June 12, 2025
Sustainable Energy for All (SEforALL), an independent organization, hosted by the United Nations Office for Project Services (UNOPS) has partnered with Indian government-owned electricity generator the National Thermal Power Corporation (NTPC).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico