SECI auctions 3 GW of solar PV capacity

SECI has auctioned 3 GW of solar PV capacity, which was tendered in February 2018. ACME emerged as the lowest bidder by quoting a tariff of Rs 2.44 per kWh. It will develop 600 MW. Azure Power won 300 MW by quoting a tariff of RS 2.64 per kWh. Rutherford Solar Farms (Canadian Solar) quoted Rs 2.70 per kWh and will develop 200 MW. Both Adani Green and ReNew Power quoted a tariff of Rs 2.71 per kWh for developing 300 MW and 500 MW respectively. SBE Renewables (SoftBank) also quoted a tariff of Rs 2.71 per kWh for 1,800 MW of capacity, however, it was awarded only 1,100 MW. A total of 12 bidders had submitted technical bids totalling 5.1 GW against the tendered capacity of 3 GW.

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