Results out for GUVNL’s 300 MW auction of grid-connected wind projects (Phase-IV)

Juniper Green Energy, WYN Renewables (EDF Renewables), ACME Pokharan Solar, and Solarcraft Power India won the Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 300 MW of grid-connected wind projects (Phase-IV) and had an additional 300 MW greenshoe option. Juniper Green Energy was awarded 50 MW by quoting Rs 2.91 per kWh. EDF Renewables and ACME Pokharan Solar each won 100 MW by quoting Rs 3 per kWh and Rs 3.01 per kW. Under the bucket-filling method, Solarcraft Power India won 50 MW at Rs 3.01 per kWh out of a quoted capacity of 100 MW.

GUVNL will enter into a power purchase agreement (PPA) with the successful bidders for a period of 25 years beginning with the project’s scheduled commercial operation date or full commissioning date, whichever comes first. The tender was issued in October 2022. The project will be designed for interconnection with the state transmission utility or central transmission utility substation through a dedicated transmission line to deliver energy at the Gujarat Energy Transmission Corporation periphery.

The successful bidders are required to declare the annual capacity utilisation factor (CUF) of their projects at the time of signing of PPA, and the same will be revised once within the first three years of the commercial operation date. Only type-certified wind turbine models listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy will be allowed for the projects.

Recently in December 2022, ACME Group announced a 50 MW wind power project in Gujarat as the company signed a PPA with the Gujarat Urja Vikas Nigam Limited. The company was chosen for the project through a competitive bidding process based on tariffs for the purchase of electricity from grid-connected wind power projects. Also, as per the guidelines, the project should be completed within 24 months of signing the PPA.