The maiden auction for wind-solar hybrid plants has discovered `2.67/unit as the lowest tariff. According to official sources, the renewable energy arm of SBG Cleantech—a joint venture between Japan’s SoftBank Group Corp, India’s Bharti Enterprises and Taiwan’ Foxconn Technology Group—has quoted the above-mentioned price to win the contract to build 450 MW of hybrid power plants.
Mahoba Solar—a unit of the Adani Group—would construct 390 MW of such plants and sell electricity at Rs 2.69/unit. The lowest solar tariffs found in India is `2.42/unit and for wind energy, the lowest price discovered is Rs 2.43/unit.
As reported by FE earlier, these were the only two firms to put forward their bids to the Solar Energy Corporation of India’s (SECI) tender for 1,200 MW of wind-solar hybrid units. The two companies had offered 1,050 MW capacity in total. Read More
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