India Allocates 1.2 GW of Renewables-Plus-Storage at Average of $0.051/Kwh
2024-10-11 15:49
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Wedoany.com Report-Oct 11，SJVN’s second tender for 1.2 GW of firm, dispatchable power from renewables projects with energy storage systems has yielded a tariff of INR 4.25 ($0.051)/kWh.
Four developers won by quoting the lowest tariff of INR 4.25/kWh. They included Juniper Green (200 MW), ReNew (150 MW), Ganeka Solar/Zelestra (140 MW) and Hero Future Energies (120 MW). The remaining 590 MW was allocated to Avaada at INR 4.26/kWh.
The winning developers will set up renewable energy projects backed with energy storage systems to supply firm, dispatchable renewable energy. The projects will be developed on a build-own-operate basis.
SJVN will sign 25-year power purchase agreements (PPAs) with the successful bidders
The projects can be located anywhere in India and must be connected to the interstate transmission system (ISTS).
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