India conducts its first major wind-solar hybrid auction


India conducts its first major wind-solar hybrid auction

Softbank-backed SB Energy and Gautam Adani led- Adani Green Energy have won 840 MW of the 1,200 MW put on sale at the first wind-solar hybrid auction.

SB Energy won 450 MW at Rs 2.67 per unit of electricity generated while Adani Green Energy won 390 MW at Rs 2.69 in the auction conducted by the Solar Energy Corporation of India (SECI).

“This is a good price for the first time,” an SECI executive said. “Perhaps since it is so because it is the initial estimate. With more optimisation comes competition. It is also dependent on individual efficiencies of panels of turbines, so tariffs will keep falling.”

These were the only two developers who put in bids in the auction, leaving the remaining 360 MW with no takers. Read More

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