KPI Green and Juniper Win GUVNL’s 500 MW Wind-Solar Hybrid Auction
Out of 500 MW tendered capacity, 280 MW was auctioned, and only 200 MW was awarded
KPI Green Energy and Juniper Green Energy were declared the winners of Gujarat Urja Vikas Nigam’s (GUVNL) auction to procure power from 500 MW grid-connected wind-solar hybrid renewable energy projects with the possibility of expanding the capacity by an additional 500 MW through the greenshoe option.
KPI Green, which quoted ₹2.99 (~$0.0360)/ KWh, was awarded 50 MW. Juniper won 150 MW at ₹3.04 (~$0.0366) /kWh.
The bid by Avaada for 150 MW for ₹3.59 (~$0.0431)/ KWh did not qualify as it was above the L1+2% tariff cut-off criteria mentioned in the tender.
Out of the total tendered capacity, only 280 MW was auctioned, and ultimately, only 200 MW was awarded.
GUVNL had floated the tender in November.
The developers can connect their power stations and facilities to either the state transmission utility or the central transmission utility substation.
If the developers choose to connect the power station and facilities to an inter-state transmission system, the designated delivery point or interconnection point will be the point where electricity is delivered into the grid system of the Gujarat Energy Transmission Corporation.
GUVNL will not bear the interstate transmission charges and losses for the energy procured during the PPA’s term.
All expenses, including transmission and wheeling charges and losses between the project and the delivery point, even in the case of any change in law event, will be covered by the hybrid project developer without any reimbursement from GUVNL.
All expenses, including wheeling charges and losses related to the transmission and distribution beyond the delivery point up to the contracted capacity, will be borne by GUVNL.
Only wind turbine models listed in the MNRE’s Revised List of Models and Manufacturers updated until the project’s operational date will be allowed. Solar modules should be from MNRE’s Approved List of Models and Manufacturers (List-I) at the invoicing date.
Recently, Alfanar Projects, Juniper Green Energy, and RIH Renewables (EDF Renewables) were declared winners in GUVNL’s auction to set up 500 MW of grid-connected wind power projects anywhere in India (Phase VI) with a greenshoe option of an additional 500 MW.
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