Adani and Softbank bid into undersubscribed Indian hybrid solar and wind auction


Adani and Softbank bid into undersubscribed Indian hybrid solar and wind auction

Solar Energy Corporation of India’s 1.2GW hybrid solar and wind auction, the first in the country, drew bids from heavyweight players Adani and Softbank, but was still undersubscribed by 150MW.

The original 2.5GW had already been reduced to 1.2GW earlier this year. In this case, Adani bid for 600MW and Softbank’s unit SB Energy bid for 450MW, according to sources. It is not yet known if SECI will hold another auction or award the current projects from yesterday’s auction.

The tender was meant to spearhead the new National Wind-Solar Hybrid policy and the country saw it’s first ever large-scale wind and solar project inaugurated by Hero Future Energies in Karnataka back in April.

Hero has previously disclosed to PV Tech that it intends to add energy storage systems to the project after a year of higher than expected winds had caused the plant to experience some curtailment. Read More

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