Solar Tender and Auction Activity Rises in December 2019

Auctions reduced by 76% compared to the same month last year. In December 2019, nearly 500 MW of solar was auctioned compared to December 2018 with auctions for 2.1 GW

January 07, 2020. By Darshana Daga

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The last month of 2019 also saw one major auction, a respite when compared with the previous month, which had no auctions at all. Tenders were declared for 2.3 GW of solar, compared to November 2019 which saw approximately 700 MW of solar tenders and no auctions.
 

Auctions reduced by 76% compared to the same month last year. In December 2019, nearly 500 MW of solar was auctioned compared to December 2018 with auctions for 2.1 GW.
 
Major Tenders
The Solar Electricity Corporation India’s declaration for two tenders for 1.2 GW each of solar and wind-solar hybrid projects, connected to the interstate transmission system.
 
The National Thermal Power Corporation has asked for bids to develop 923 MW of solar projects. The projects may range between 50 MW and 300 MW, as per the tender. The tender has been floated under tranche II of the second phase of the central public sector undertaking program.
 
The NTPC also asked for bids for 500 MW of grid-connected solar projects under an engineering, procurement, and construction package in Maharashtra. The projects under this tender may range anywhere between 100 MW and 500 MW.
 
Retender
The Bihar Renewable Energy Development Agency reissued its first large-scale solar tender with a revised ceiling tariff of Rs. 3.15/kWh. The tender was initially floated in June 2019 for setting up 250 MW of grid-connected ground-mounted solar projects in the state, but there was no ceiling tariff proposed for the bid.
 
Major Auction
Juniper Green Energy Pvt Ltd emerged as the lowest bidder in the auction for 500 MW of solar projects held by Maharashtra State Electricity Distribution Company Limited.
 
Juniper Green won 150 MW of solar projects in the auction at a tariff of Rs. 2.89/kWh. The remaining 350 MW was bagged by Maharashtra State Power Generation Company Limited at a tariff of Rs. 2.90/kWh.
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