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					</table><p><a href="https://www.mahindrasusten.com/" target="_blank" rel="noopener">Mahindra Susten</a>, Sunfree Energy (<a href="https://www.sael.co/" target="_blank" rel="noopener">SAEL)</a>, Solarcraft Power India (<a href="https://blupineenergy.com/" target="_blank" rel="noopener">Blupine Energy)</a>, <a href="https://www.jakson.com/" target="_blank" rel="noopener">Jakson</a>, Shiva Corporation, <a href="https://avaadaenergy.com/about-us/" target="_blank" rel="noopener">Avaada Energy</a>, and <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a> emerged winners in Rajasthan Urja Vikas Nigam’s (RUVNL) auction to supply 1 GW of power from state transmission utility (STU)-connected solar power projects in the state.</p>
<p>Mahindra Susten and SAEL won 200 MW each at a quoted tariff of ₹2.61 (~$0.032)/kWh. Avaada Energy won 200 MW at ₹2.62 (~$0.032)/kWh.</p>
<p>Blupine Energy won 150 MW by quoting 2.61 (~$0.032) /kWh, Jakson bagged 100 MW at ₹2.61 (~$0.032)/kWh.</p>
<p>Shiva Corporation secured 50 MW at ₹2.61 (~$0.032)/kWh. SJVN won 100 MW out of the quoted capacity of 300 MW under the bucket-filling method by quoting ₹2.62 (~$0.032)/kWh.</p>
<p style="text-align: center;"><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/RUVNL-1-GW-Solar-Auction-Updated.png"><img loading="lazy" decoding="async" class="alignnone wp-image-53434 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/RUVNL-1-GW-Solar-Auction-Updated.png" alt="RUVNL 1 GW Solar Auction Updated" width="558" height="292" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/RUVNL-1-GW-Solar-Auction-Updated.png 558w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/RUVNL-1-GW-Solar-Auction-Updated-300x157.png 300w" sizes="(max-width: 558px) 100vw, 558px" /></a></p>
<p>The tender was <a href="https://www.mercomindia.com/rajasthan-invites-bids-for-1-gw-of-solar-projects" target="_blank" rel="noopener">floated</a> in January this year.</p>
<p>The projects must secure financial backing within a year of signing the power purchase agreement and must be operational within 18 months after that.</p>
<p>The solar project should be designed for interconnection with the pooling substation at the solar park through a dedicated cable at a voltage level of 33 kV.</p>
<p>The cost of transmission from the project up to the interconnection point, wheeling charges, and losses will be borne by the project developers.</p>
<p>The modules used in the project must be from the Approved List of Models and Manufacturers published by the Ministry of New and Renewable Energy.</p>
<p>The declared annual capacity utilization factor (CUF) should in no case be less than 19%, and the successful bidder must maintain generation to achieve annual CUF within + 10% and (-)15% of the declared value until the end of ten years from commissioning.</p>
<p>RUVNL will accept partial commissioning of the project, provided that the minimum capacity for the initial and any additional parts is 50 MW.</p>
<p>In March this year, RUVNL <a href="https://www.mercomindia.com/rajasthan-bids-1-2-gw-solar-projects-storage" target="_blank" rel="noopener">invited</a> bids to set up 1,200 MW of solar power projects anywhere in India with a committed supply for at least six hours during the peak demand periods from an energy storage system.</p>
<p>Earlier, RUVNL had <a href="https://www.mercomindia.com/rajasthan-bids-810-mw-solar-projects" target="_blank" rel="noopener">issued</a> a tender to select solar project developers to set up 810 MW of STU-connected solar power projects on a build-own-operate basis in RVUNL’s Ultra Mega Solar Park in Bikaner.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


Mahindra Susten, SAEL, Avaada Among Winners in RUVNL’s 1 GW Solar Auction

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