Results for Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 500 MW of grid-connected solar power projects, phase XXII, have been announced. The tender for the project was issued in November 2023. To be located anywhere in India, the project was tendered with an additional greenshoe option of 500 MW. By quoting Rs 2.63 per kWh and Rs 2.64 per kWh, SJVN Green Energy Limited and Hinduja Renewables Energy have won 100 MW and 140 MW, respectively. While Avaada Energy and Blupine Energy have won 100 MW and 50 MW by quoting Rs 2.65 per kWh. Of the total tendered capacity, only 390 MW was auctioned. Furthermore, GUVNL has mandated the use of indigenously manufactured solar modules listed in the Approved List of Models and Manufacturers.
Recently, in December 2023, GUVNL issued tender to select developers for the development of 250 MW/500 MWh (250 MW x 2 hours) standalone battery energy storage systems for on demand use in Gujarat.
In November 2023, GUVNL issued tender for development of 500 MW grid-connected solar projects under phase XXII across India, with an additional 500 MW green-shoe option.
