SB Energy, the joint venture of Japan’s SoftBank, Taiwan’s Foxconn and Bharti Airtel, Acme Solar, a leading domestic solar developer, and the Sumant Sinha-led ReNew Power are the three biggest winners of the mega-solar auction of 3000 MW conducted by Solar Energy Corporation of India (SECI) on Friday. While SB Energy’s special purpose vehicle SBE Renewables won 1100 MW at Rs 2.71 per unit, Acme Solar got 600 MW for Rs 2.44 per unit, while ReNew Solar Power was awarded 500 MW at Rs 2.71 per unit.
Other winners were Azure Power and Mahoba Solar (UP) – the latter a part of the Adani Group – which got 300 MW each at Rs 2.64 and Rs 2.71 per unit respectively, while Rutherford Solar Farms got the remaining 200 MW at Rs 2.70 per unit.
This is the third time the tariff has fallen to the record low of Rs 2.44 per unit, the price quoted by Acme Solar. All the other bids were substantially higher, in the range of Rs 2.64-2.71 per unit. The lowest bid had touched Rs 2.44 per unit in an earlier 2000 MW auction by SECI this month itself. Interestingly, this winning bid was also from Acme Solar, which bagged 600 MW that time too, while the second-lowest bid was markedly higher at Rs 2.52 per unit. Read More