JSW, Juniper, BN Peak Power-1 and Avaada Win MSEDCL’s 500 MW Wind-Solar Hybrid Auction
MSEDCL invited bids in March this year to procure 500 MW of wind-solar hybrid power on a long term basis from grid connected intrastate projects with an additional greenshoe option of up to 500 MW. The last date to submit the bids was April 4, 2024.
July 11, 2024. By News Bureau
The auction, part of MSEDCL’s ongoing efforts to enhance the state’s renewable energy capacity, saw tariffs ranging from INR 3.60 to INR 3.69 per kWh.
JSW Neo and Juniper Green quoted INR 3.60/kWh to win 200 and 75 MW respectively. BN Peak Power won 76 MW at a tariff of INR 3.62/kWh. Further, Avaada Energy won 75 MW out of the quoted capacity of 500 MW at a tariff of INR 3.69/kWh under the bucket-filling method.
It may be noted that MSEDCL invited bids in March this year to procure 500 MW of wind-solar hybrid power on a long term basis from grid connected intrastate projects with an additional greenshoe option of up to 500 MW.The last date to submit the bids was April 4, 2024.
As per the tender, the hybrid projects mandate that both solar and wind components must each constitute at least 33% of the total capacity, ensuring a balanced mix of the two energy sources. The minimum project size requirements are set at 50 MW for inter-state projects and 10 MW for intra-state projects, promoting diverse participation from different regions.
As per the tender, the winner could offer hybrid power projects that are in progress, awaiting commissioning or already commissioned but lacking a long term power purchase agreement with any agency and selling power on a short term or merchant basis.
Moreover, the wind turbines used in the project must be type- ceritfied models listed in the Revised List of Models and manufacturers issued by the Ministry if New and Renewable Enrgy (MNRE).
The solar PV modules used in the projects must be included in MNRE’s List-I under Approved Models and manufacturers of Solar PV Modules.
This auction is a segment of MSEDCL’s broader initiative to bolster renewable energy integration, with a highest capacity of tenders at 7.4 GW, which is 24.1 per cent of the total tendered capacity in the first quarter of 2024. The auction is expected to contribute significantly to Maharashtra’s renewable energy targets and support India's transition towards cleaner energy sources.
The participation of leading energy companies underscores the growing interest and investment in hybrid renewable projects, which are poised to play a pivotal role in the future energy landscape of the country.
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