UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).
Tamil Nadu Generation and Distribution Corporation’s (TANGEDCO) tender was massively oversubscribed and even had one company, NLC, apply for the full 1.5GW. Many of the major Indian PV players stayed away from the tender and multiple local firms were interested.
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
The results were as follows:
| Developer | Tariff (INR/kWh) | Capacity bid for |
|---|---|---|
| Raasi Green Earth Energy | 3.47 | 100 |
| Sai Yothi Infrastructure | 3.6 | 54 |
| Solitaire BTN Solar | 3.69 | 150 |
| Narbheram Vishram | 3.85 | 100 |
| NVR Energy | 3.85 | 100 |
| Rays Power Infra | 3.85 | 200 |
| Dynamize Solar | 3.87 | 5 |
| ReNew Solar Energy Rajasthan | 3.89 | 100 |
| Clean Solar Power | 3.9 | 104 |
| SRL Green and Clean Power | 3.9 | 6 |
| Sunlight | 3.9 | 1 |
| Tallettutayi Solar Projects | 3.9 | 50 |
| Dev International | 3.95 | 1 |
| G.R. Thanga Maligai & Sons | 3.96 | 10 |
| G.R. Thanga Maligai Firm | 3.96 | 10 |
| G.R.T. Silverwares | 3.96 | 10 |
| Shapoorji Pallonji | 3.96 | 50 |
| NLC India | 3.97 | 1,500 |
| VSR Solar Power | 3.98 | 50 |
| GRT Jewellers India | 3.99 | 52 |
| Balavimodhan | 4 | 5 |
| C.R. Garments | 4 | 2.5 |
| Indira Damper Industries | 4 | 5 |
| Indira Industries | 4 | 5 |
| Mag and Company | 4 | 2.5 |
It is quite possible that NLC, which put in a bid of INR3.97/kWh, will be given all the remaining capacity not already taken up by developers who put in lower bids. This would mean it could win up to a massive 449MW, but this has not been confirmed.
One analyst told PV Tech that “anything can happen”.
Earlier this week, the Tamil Nadu Energy Development Agency (TEDA) issued a request for proposals (RfP) for the building and maintenance of infrastructure for another 500MW solar park.
This article has been revised to sauy that NLC could win up to 449MW capacity.
