Major Firms Secure Contracts in NTPC's Auction for 3 GW Firm and Dispatchable RE
The notable winners are ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables, Tata Power Renewable Energy, ReNew Solar Power, Hero Energy, Acme Cleantech Solutions, and BrightNight Power.
March 26, 2024. By Abha Rustagi
The notable winners are ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables, Tata Power Renewable Energy, ReNew Solar Power, Hero Energy, Acme Cleantech Solutions, and BrightNight Power.
The auction, known as FDRE Tranche II, saw competition among industry giants. ABC Cleantech clinched victory by quoting the lowest tariff of INR 4.64/kWh, securing a contract for 300 MW.
Juniper and Hero Solar Energy followed closely, each winning 200 MW and 120 MW respectively by quoting tariffs of INR 4.69/kWh.
Meanwhile, Serentica and Tata Power secured contracts for 200 MW each by quoting tariffs of INR 4.71/kWh. ReNew Solar Power (ReNew) emerged triumphant with a bid of INR 4.72/kWh, winning a contract for 400 MW. Other winners include BrightNight Power and ACME Cleantech Solutions, who secured contracts for 110 MW and 54 MW respectively.
The tender for these projects was floated by NTPC in October 2023. The projects will be developed on a build-own-operate basis, further contributing to the nation's clean energy transition.
please contact: contact@energetica-india.net.
Rahul Goenka
Director
ElectroRide Gears Up for Nationwide EV Rollout with Focus on Underserved Regions
Rohit Saboo
President and CEO
EV Bearings from NBC Redefining Standards in Automotive Industry
Aryaman Tandon
Managing Partner – Mobility Energy and Transportation
EV Market to Become a USD 45 Billion Opportunity by FY30
Vishal Gupta
Co-Founder and Chief Technical Officer
Maxvolt Energy Drives Innovation in Li-ion Battery Storage for EVs and Renewables
Sumit Kumar
Chief Strategy Officer
Skilled Apprentices: A Key to Higher ROI in Renewable Energy