SECI awards 65MW solar in Gujarat and 50MW under DCR in Karnataka

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Credit: Mahindra

Solar Energy Corporation of India (SECI) has awarded 40MW of solar PV capacity to Renew Solar Power and 25MW to Mahindra Renewables in the state of Gujarat under open category.

The awards for 160MW of capacity in the same tender were previously made public, but now the last 65MW have been announced with Renew bidding for viability gap funding (VGF) of INR7.0198 million (US$104,700) and Mahindra once again bidding for a VGF of INR7.777 million. As usual for VGF bidding, the tariffs were fixed at INR4.43/kWh.

In this particular batch of projects, 100% of the VGF will be dispersed to the developer on the commissioning of the plant. Meanwhile, SECI also obtains a bank guarantee for 20% of the VGF amount.

Gujarat Industries Power (80MW), Orange (40MW) and Mahindra (40MW) had already been announced as winners from this tender.

DCR in Karnataka

SECI has also awarded Indian conglomerate Adani 40MW of solar capacity and awarded Karnataka Power Corporation 10MW in the state of Karnataka, under local content rules for solar equipment.

Adani won the Domestic Content Requirement (DCR) capacity with a VGF bid of INR13.089 million and Karnataka Power put in a bid for INR13.075 million.

The capacity is part of a wider 1GW auction for the state, for which the results of the open category have already been released.

The news comes just after Bridge to India revealed that Chinese module suppliers have taken a 75% market share in India. Domestic manufacturers are expected to keep just 10-12% of the market share with Adani's 1.2GW facility to bump this figure up once online.

Read Next

June 7, 2021
India’s rising renewable power capacity could render the country’s 33GW of coal-fired power plants under construction unviable.
June 3, 2021
Oslo headquartered renewable power producer Scatec has announced a new partnership with ACME to develop a 900MW solar power plant in the state of Rajasthan, India.
May 28, 2021
India installed just over 2GW of solar in Q1 2021 as the country rebounded from COVID-19 related delays, however full-year installs could fall to well below previous estimates, one forecast suggests.
May 18, 2021
Indian authorities have launched an anti-dumping investigation into imports of solar cells from China, Thailand and Vietnam following an application filed by the Indian Solar Manufacturers Association.
May 18, 2021
Indian independent power producer (IPP) ReNew Power has selected a site in the state of Gujarat for a new solar cell and module manufacturing facility that will have an annual capacity of 2GW.
May 11, 2021
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021