1.2 GW hybrid tender gets only two bidders yet again


1.2 GW hybrid tender gets only two bidders yet again

The latest tranche of Solar Energy Corporation of India’s wind-solar hybrid tender for 1.2 GW has prompted response from only two bidders. Adani Green Energy (600 MW) and ReNew Power (300 MW) made techno-commercial bids for a combined capacity of 900 MW, leaving the tender undersubscribed by 300 MW.

The tender had stipulated ceiling tariff of Rs 2.70/kWh and capacity utilization factor of 30%, which were deemed unviable for most of the developers—reported daily newspaper and website Economic Times while sharing the details.

Terming the ceiling tariff of Rs 2.70 as too tight, Vinay Rustagi, managing director of renewable energy consultancy Bridge To India told ET Read more

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