After a long wait, NTPC closed another solar ISTS tender on 25 October 2019. Two bidders, TBEA Solar and SB Energy bided 300 MW each wherein the Ceiling tariff was INR 2.65/kWh. As per the reverse auction condition, only one bidder could win the bidded capacity, and after reverse auction on 25.10.2019, TBEA emerged as the winner with 300 MW solar capacity at the tariff of INR 2.63/kWh and started its journey as Solar IPP in India.
The tariff offered by TBEA Solar, in the wake of current scenarios, seems to be competitive analyzing the previously concluded bid of SECI where maximum capacity was allotted at INR 2.65/kWh and with the fact that SECI has increased the ceiling tariff to INR 2.78/kWh in its recent Solar ISTS tender.
TBEA Group headquartered in China, has a strong presence in Solar PV (Polysilicon Mines, EPC player, solar inverter manufacturer and IPP), wind power, power electronics, energy internet and other related fields. The Group has over 7 GW of Solar and Wind portfolio globally and has solar inverter and Power transformer (including other allied electrical equipments) manufacturing facilities in India.