SECI draws strong response to its 2000 MW wind auction

19 April 2018 |

SECI conducted another e-auction for 2,000 MW of wind power projects on 6 April 2018. Winning bids were INR 2.51 – 2.52/kWh, just marginally higher than the tariffs discovered in the previous 2,000 MW SECI auction (2.44 – 2.45) held in February 2018. Winning bidders include an even spread of international and Indian names. International winners include Continuum (250 MW), Sprng (300 MW), BLP (285 MW) and Engie (200 MW). Indian winners include Inox (100 MW), Adani (300 MW), Mytrah (300 MW) and ReNew (265 MW).

These projects will be connected to national grid. SECI will sign 25-year PPAs with developers and back to back Power Sale Agreements (PSAs) with DISCOMs across non-windy states. The project commissioning timeline is 18 months from the date of signing PPA.

So far, 6,000 MW of wind capacity has been auctioned by SECI alone in the past one year. All these projects will have Inter-State Transmission System (ISTS) connectivity. NTPC has also issued a similar 2,000 MW tender, for which bid submission is expected by 25 April 2018.

With 7,500 MW of wind capacity tendered (by SECI, Tamil Nadu, Gujarat and Maharashtra) and 4,000 MW capacity tenders in pipeline, wind sector is expected to pick up pace in 2018 and 2019. MNRE has planned to auction a further 20 GW of wind projects by March 2020. Wind tariffs have gradually settled down around INR 2.50/kWh (40-60% lower than state feed-in tariffs) and are expected to remain stable in the upcoming auctions.

Back

Recent reports

India Renewable Power CEO Survey | 2020

The survey provides a sector-wide glimpse into the minds of renewable power leaders on industry outlook, capacity addition over the next 5 years, oper...

Download

COVID-19: Impact on Global Solar Market

This report, produced with financial support from International Solar Alliance (ISA), examines operational and financial impact of the COVID-19 pandem...

Download

COVID-19: Impact on Indian Renewables

This report examines operational and financial impact of the COVID-19 pandemic on the Indian renewable power sector. It assesses delays in constructio...

Download

India Solar Compass Q1 2020   

Utility scale solar capacity addition in Q1 2020 was just 689 MW against our estimate of 1,864 MW...

Buy Report Download Executive Summary

India Solar Rooftop Map | December 2019

India’s operational rooftop solar capacity reached 5,440 MW as on 31 December 2019. Only 1,534 MW, 7% lower than last year, capacity is estimated to...

Download

India Solar Map | December 2019

India’s operational utility scale solar capacity reached 30,982 MW on 31 December 2019. Only 7,150 MW of new capacity was added during 2019, up a mo...

Download
Award winnig research
We use cookies to offer you an optimal user experience and collect information on website usage.