SECI’s latest auction for 2 GW of ISTS-connected solar projects (Tranche IX) witnessed a record low bid of Rs 2.36 per kWh. This tariff was quoted by Spanish developer Solarpack Corporacion Tecnologica SA. The auction saw several domestic and global developers bid for project capacities. Solarpack has secured 300 MW of project capacity. Other successful bidders under the auction include ReNew Power (which secured 400 MW of project capacity), Italy’s Enel, French firm Eden Renewables, the Singapore business of German developer Ibvogt, and Ayana Renewable Power, all of which secured 300 MW of capacity each; and Amp Energy which secured 100 MW of capacity. Tata Power Renewable Energy Limited (TPREL) quoted a tariff of Rs 2.39 per kWh for 600 MW of projects, and O2 Power SG Private Limited quoted Rs 2.46 per kWh for 400 MW, although they did not win any capacity.