Softbank, Sprng and Ayana lowest bidders in 750MW Andhra Pradesh solar auction

Flickr: Pranav

Winning bids in the latest solar auction in the Indian state of Andhra Pradesh ranged between INR 2.70-2.71/kWh (US$0.0391-0.0394/kWh).

Under the tender issued by Solar Energy Corporation of India (SECI) in January, capacity will be set up in the Kadapa Solar Park.

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

The lowest bids were as follows:

Bidder Capacity (MW) Tariff (INR/kWh)
SB Energy (Softbank) 250 2.70
Sprng (Actis) 250 2.70
Ayana (CDC Group) 250 2.71

Acme and Fortum lost out on capacity at this stage with bids of 2.71 and 2.79 rupees respectively.

The Kadapa solar park saw what was temporarily the lowest ever solar bid in India in April 2017 of INR3.15/kWh from French firm Solairedirect.

Indian tariffs did match their lowest ever again this week with a INR2.44/kWh bid from Acme Solar for 600MW in a 2GW pan-India tender from SECI.

The state of Odisha's 200MW solar tender was massively oversubscribed this week.

Read Next

July 12, 2024
Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.
July 9, 2024
Indian EPC firm Larsen & Toubro has secured contracts to build two solar PV plants in the Middle East with a combined capacity of 3.5GW.
July 5, 2024
India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure. 
July 4, 2024
Dubai-headquartered renewable energy developer Jakson Green has signed a power purchase agreement (PPA) with the state-run utility National Hydroelectric Power (NHPC) for the output of a 400MW solar PV project in India.
July 4, 2024
A market brief on the first tender to be held in Western Australia under the nationwide Capacity Investment Scheme (CIS) for renewables and energy storage has been published.
July 2, 2024
The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile