SECI announces winners of 500 MW rooftop solar auction

SECI has released the final list of successful bidders in its 500 MW rooftop solar auction. Hero Solar Energy won projects in 13 states while Bosch Limited won projects in 11 states. Some of the winners were only awarded projects in a single location. The lowest price discovered was Rs 3 per kWh, which is a record low, while the highest was Rs 6.17 per kWh. According to SECI, of the 450 MW proposed to be developed under the renewable energy service company model, only 206 MW was allocated. Meanwhile, only 20 MW of the 50 MW was allocated under the capex model. The final installations could differ from these figures as the developers would be provided with the option of taking more capacity by submitting additional bank guarantees.


Enter your email address