Five companies win bids for 750 MW grid-connected solar PV projects in Rajasthan

A total of five companies have won the bids for development of the 750 MW grid-connected solar photovoltaic (PV) power projects to be developed across Rajasthan. These are Fortum Solar Plus Private Limited, Palimarwar Solar House Private Limited (LNB Group), ACME Solar Holdings Limited, Sitara Solar Energy Private Limited (UPC Renewables ) and ReNew Solar Power Private Limited.

Fortum Solar, Palimarwar Solar, ACME Solar and Sitara Solar have won the bids for the development of 250 MW, 40 MW, 250 MW and 100 MW of capacity, respectively, by quoting a tariff of Rs 2.48 per kWh. ReNew Solar had submitted bids to develop 360 MW of capacity, however, it has won the bids to develop 110 MW capacity by quoting Rs 2.49 per kWh.

The bids for the projects were invited by Solar Energy Corporation of India Limited (SECI) in August 2018. SECI will sign PPA with the successful bidders for a period of 25 years.