A total of seven companies have won bids for the development of Phase IV of the 500 MW solar park project in Gujarat. These include UPC Solar, Gujarat State Electricity Corporation Limited (GSECL), Adani Green Energy Limited (AGEL), Juniper Green Energy Private Limited (AT Holdings) and ReNew Power Limited. UPC Solar won the bid for developing 50 MW of capacity at the lowest bidding tariff of Rs 2.55 per kWh. GSECL, AGEL and Juniper Green Energy Private Limited (AT Holdings) won the bids for developing 75 MW, 150 MW and 120 MW of capacity, respectively, at Rs 2.67 per kWh. Meanwhile ReNew Power Limited won the bid to develop 105 MW of capacity at Rs 2.68 per kWh.