BrightNight, ReNew, ACME Among Winners of NHPC’s 1.5 GW Renewables Auction

BrighNight quoted the lowest tariff of ₹4.55/kWh to win 120 MW


BN Hybrid Power-1 (BrightNight), Hero Solar Energy (Hero Future Energies), Solarcraft Power India 20 (BluPine Energy), Juniper Green Energy, ReNew Solar Power (ReNew), and ACME Cleantech Solutions were declared winners in NHPC’s auction to supply 1.5 GW of firm and dispatchable renewable power (Peak Power Supply) from inter-state transmission system (ISTS)-connected projects coupled with energy storage systems anywhere in India.

BN Hybrid Power-1 quoted the lowest tariff of ₹4.55 (~$0.0549)/kWh to win 120 MW, while Hero Solar and Solarcraft quoted ₹4.63 (~$0.0558)/kWh to win 100 MW and 50 MW, respectively.

Juniper and ReNew quoted ₹4.64 (~$0.0560)/kWh to win 200 MW and 250 MW. ACME won 680 MW out of the 750 MW quoted capacity at ₹4.64 (~$0.0560)/kWh.

Bids from TEQ Green Power IX (O2 Power) of ₹4.74 (~$0.0572)/kWh for 150 MW and Tata Power Renewable Energy of ₹4.95 (~$0.0597)/kWh for 100 MW did not qualify.

A total of 1,400 MW capacity was awarded out of 1,500 MW.

NHPC 1.5 GW FDRE Auction results

NHPC floated the tender for the projects in October 2023.

Under the tender, bidders were given the flexibility to choose any location within India for their projects. They can identify and acquire or lease the land of their choice for the project without specific restrictions on geographical location within the country.

The selected project developers must utilize well-established and operational technologies that are commercially viable. Making use of such established technologies is aimed at minimizing technology-related risks and ensuring the successful commissioning of the projects.

Projects that are already commissioned or are in the process of construction and have untied capacity are allowed under this tender. Projects with already set-up capacity or spare untied capacity that is not under any power supply agreement and is available for augmenting the proposed renewable power in the tender can also qualify.

The projects under this tender will not be eligible for any Central Financial Assistance.

NHPC recently declared the winners of its auction to set up 1,500 MW of ISTS-connected wind-solar hybrid power projects anywhere in India.

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