The government of Andhra Pradesh has purchased 9 GW of solar energy from the Solar Energy Corporation of India (SECI). For the next 30 years, SECI will provide electricity to the state’s agriculture sector. The tariff quoted is Rs 2.49 per kWh, including SECI’s trading margin. The project will be set up in the years 2024, 2025, and 2026 in three tranches of 3 GW each.
As per the reports, the 9 GW offered is part of the manufacturing linked solar projects auctioned in January 2020. Adani and Azure both won the bids to develop 2,000 MW of projects with 500 MW of manufacturing capacity in the auction. Both companies quoted a winning tariff of Rs 2.92 per kWh. In addition, The tender also included a greenshoe option, which allowed companies to add additional development and manufacturing capacity. Adani had proposed a solar cell and module manufacturing capacity of 1,500 MW and a generation capacity of 6 GW as part of the option. Azure added 500 MW of manufacturing capacity and 2 GW of generation capacity.
In September 2021, Bharat Heavy Electricals Limited (BHEL) completed a 25 MW floating solar photovoltaic (PV) project at NTPC Limited’s site in Simhadri, Andhra Pradesh. The plant is designed to withstand wind speeds of up to 180 km per hour. All the platform structures and other equipment were made corrosion-resistant due to their proximity to the coast.