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					</table><p><a href="https://www.acme.in/" target="_blank" rel="noopener">ACME Cleantech Solutions</a>, <a href="https://www.junipergreenenergy.com/" target="_blank" rel="noopener">Juniper Green Energy</a>, <a href="https://www.tatapowerrenewables.com/" target="_blank" rel="noopener">Tata Power Renewable Energy</a>, Solarcraft Power India (<a href="https://blupineenergy.com/" target="_blank" rel="noopener">Blupine</a>), TEQ Green Power XVI (<a href="https://www.o2power.in/" target="_blank" rel="noopener">O2 Power</a>), <a href="https://www.herofutureenergies.com/" target="_blank" rel="noopener">Hero Solar Energy</a>, and <a href="https://renewpower.in/" target="_blank" rel="noopener">ReNew Solar Power</a> have won <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a>’s auction to supply 1,500 MW of power from interstate transmission system (ISTS)-connected renewable energy projects with energy storage across India.</p>
<p>ACME (250 MW), Juniper (200 MW), and Tata (200 MW) won their quoted capacities at a tariff of ₹4.38 (~$0.0526)/kWh.</p>
<p>The rest of the winners, ReNew (184 MW), Solarcraft (150 MW), Hero (120 MW), and TEQ (80 MW), quoted ₹4.39 (~$0.0527)/kWh.</p>
<p>ReNew had bid for 300 MW but was awarded 184 MW under the bucket-filling method.</p>
<p>The reverse auction discovered the opening L1 tariff of ₹4.55 (~$0.0546)/kWh.</p>
<p>SJVN awarded only 1.18 GW of the tendered 1.5 GW capacity.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-60166 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results.png" alt="SJVN 1,500 MW of Renewable with Storage Auction Results" width="722" height="356" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results.png 722w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results-300x148.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results-650x320.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results-624x308.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/SJVN-1500-MW-of-Renewable-with-Storage-Auction-Results-600x296.png 600w" sizes="(max-width: 722px) 100vw, 722px" /></a></p>
<p>SJVN <a href="https://www.mercomindia.com/sjvn-bids-1-5-gw-renewable-energy-storage" target="_blank" rel="noopener">floated</a> the tender for the projects in June this year.</p>
<p>The tender mandated that projects must be developed on a build, own, and operate basis. Developers who had already commissioned renewable energy or storage projects or were constructing such projects with untied capacity were also allowed to bid.</p>
<p>The selected developers will also be responsible for getting the ISTS connectivity at their own cost, in line with applicable regulations.</p>
<p>SJVN has mandated only wind turbine models listed in the Revised List of Models and Manufacturers and solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be deployed.</p>
<p>The declared annual capacity utilization factor (CUF) should, in no case, be less than 40%. The developer should maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of the power purchase agreement duration of 25 years.</p>
<p>According to Mercom India Research, solar auctions <a href="https://www.mercomindia.com/solar-auctions-up-86-tenders-rise-5-yoy-q3-2023" target="_blank" rel="noopener">increased</a> 86% year-over-year (YoY) in the third quarter of 2023, and tender activity saw a 7% YoY increase.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender and auction activity.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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ACME, Juniper and Tata Power Among Winners of SJVN’s 1.5 GW Renewable Auction


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					</table><p><a href="https://sprngenergy.com/" target="_blank" rel="noopener">Sprng Energy</a>, <a href="https://www.ibvogt.com/" target="_blank" rel="noopener">ib vogt</a>, <a href="http://www.hindujarenewables.com/" target="_blank" rel="noopener">Hinduja Renewables</a>, and Solarcraft Power India 9 (Blupine Energy) have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 500 MW of grid-connected solar power projects (Tranche XVIII) with a greenshoe option of an additional 500 MW.</p>
<p>Sprng Energy won 200 MW by quoting ₹2.51 (~$0.031)/kWh. ib vogt, Hinduja, and Blupine won 130 MW, 120 MW, and 50 MW, respectively, at ₹2.52 (~$0.031)/kWh.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-48663 size-full" src="https://mercomindia.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3.png" alt="GUVNL Tranche XVIII 500 MW auction" width="785" height="261" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3.png 785w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3-300x100.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3-768x255.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3-650x216.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3-624x207.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/01/GUVNL-Tranche-XVIII-500-MW-auction-3-600x199.png 600w" sizes="(max-width: 785px) 100vw, 785px" /></a></p>
<p>The discovered tariff of ₹2.51 (~$0.031)/kWh is just marginally higher than the bid of ₹2.49 (~$0.031)/kWh, <a href="https://mercomindia.com/blupine-engie-tata-power-upc-winners-guvnls-750-mw-solar-auction/" target="_blank" rel="noopener">discovered</a> in GUVNL’s auction in September 2022, to develop 750 MW of solar projects with a greenshoe option of an additional capacity of up to 750 MW (Tranche XVI).</p>
<p>The lowest-ever price <a href="https://mercomindia.com/gujarats-auction-sets-a-new-record/" target="_blank" rel="noopener">discovered</a> in GUVNL’s solar auction was ₹1.99 (~$0.024)/kWh in December 2020 for 500 MW of solar projects (Tranche XI).</p>
<p>GUVNL intends to procure solar power to fulfill its renewable power purchase obligation and meet the requirements of distribution companies.</p>
<p>The tender was <a href="https://mercomindia.com/guvnl-bids-buy-power-500-mw-solar-greenshoe-option/" target="_blank" rel="noopener">floated</a> in October last year.</p>
<p>The projects can be commissioned anywhere in the country and should be of at least 25 MW capacity.</p>
<p>The developers must bear all the transmission charges and losses up to the delivery point for interstate and central transmission utility network-connected projects.</p>
<p>The project should be designed to deliver energy at the Gujarat Energy Transmission Corporation (GETCO) periphery. The grid interconnection of the project with GETCO or the central transmission utility substation can be made directly through a dedicated line or a pooling substation of a wind farm where wind projects are also connected.</p>
<p>Only commercially established and operational technologies can be used to minimize the technology risk and achieve the projects’ timely commissioning. The modules to be used for the project should be from the approved list of models and manufacturers issued by the Ministry of New and Renewable Energy.</p>
<p>Solar tenders floated by various agencies in India <a href="https://mercomindia.com/solar-tenders-auctions-decline-q4-2022/" target="_blank" rel="noopener">declined</a> 32% quarter-over-quarter to 9.7 GW in the fourth quarter of 2022 from 14 GW. Tender announcements were, however, up by 56% year-over-year.</p>
<p>The quarter also witnessed a 50% QoQ dip in solar auctions, with 1.9 GW of capacity auctioned during the period. The capacity auctioned dropped 56% over the same period last year.</p>
<p>According to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a>, GUVNL has floated tenders for 11.5 GW of solar projects.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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Sprng Energy, ib vogt, Hinduja, Blupine Win GUVNL’s 500 MW Solar Auction

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