SJVN Green, SAEL, Coal India Secure Wins in GUVNL's 600 MW Solar Auction
The competitive bidding process kicked off with the opening of the L1 tariff, establishing a competitive benchmark at INR 2.65 per kWh.
January 30, 2024. By Abha Rustagi
The competitive bidding process kicked off with the opening of the L1 tariff, establishing a competitive benchmark at INR 2.65 per kWh. The results unveiled a notable win for SJVN Green Energy Limited, securing the top spot by clinching 100 MW with a final tariff of INR 2.54 per kWh. SAEL Industries Limited closely followed, securing 200 MW at a final tariff of INR 2.55 per kWh. Meanwhile, Coal India Limited, with a bid capacity of 600 MW, secured 300 MW at the same tariff of INR 2.55 per kWh.
The participation of major players such as SJVN Green Energy Limited, SAEL Industries Limited, and Coal India Limited underscored the robust interest in the auction. Solairedirect Energy India Pvt. Ltd., although participating with a bid capacity of 300 MW, did not secure any capacity.
The successful outcome of the reverse auction not only signifies the growing momentum of solar power adoption in Gujarat but also reflects a positive trend in the broader renewable energy sector.
The competitive tariffs achieved during the auction highlight the economic viability of solar energy, encouraging further investment and development in the region.
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