As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

Mahindra Susten to Develop 150 MW Open Access Renewable Power Project

BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Daily News Wrap-Up: REIL Invites Bids for 200,000 Mono PERC Solar Cells

Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL

REIL Invites Bids for 200,000 Mono PERC Solar Cells

Daily News Wrap-Up: MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

<p>The Gujarat Urja Vikas Nigam Limited (<a href="http://www.gseb.com/guvnl/index.aspx" target="_blank" rel="noopener noreferrer">GUVNL</a>)’s 700 MW grid-connected solar photovoltaic (PV) tender has been oversubscribed by over two times.</p>
<p>A GUVNL official informed Mercom that bids aggregating 1,750 MW have been submitted by interested parties. The projects will be developed under Phase III of Raghanesda Solar Park in Gujarat.</p>
<p>SBG, Tata Power Renewables, Engie, Fortum, Mahindra, Adani Green, and Gujarat Industries Power Company Limited (GIPCL) bid for 250 MW of grid-connected solar PV projects individually, the GUVNL official further informed.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2018/12/guvnlauction.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-12117" src="https://mercomindia.com/wp-content/uploads/2018/12/guvnlauction.png" alt="Gujarat’s 700 MW Solar Tender Oversubscribed by Over Two Times" width="359" height="315" srcset="https://cms.mercomindia.com/wp-content/uploads/2018/12/guvnlauction.png 359w, https://cms.mercomindia.com/wp-content/uploads/2018/12/guvnlauction-300x263.png 300w" sizes="(max-width: 359px) 100vw, 359px" /></a></p>
<p>According to <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener noreferrer">Mercom India Solar Project Tracker,</a> the projects will be developed under build own operate basis. The projects are slated to be developed on three plots. While two plots have specifications for 250 MW each, the third one will have 200 MW of solar projects. The bidders could bid for the following capacities: 700 MW, 500 MW, 450 MW, 250 MW, or 200 MW. One must bid for the entire plot or a combination of two or three plots.</p>
<p>As reported previously by Mercom, lowest (L1) tariff of ₹2.44 (~$0.0338)/kWh was quoted in <a href="https://mercomindia.com/aditya-birla-lowest-tariff-guvnls-500-mw-solar-auction/" target="_blank" rel="noopener noreferrer">GUVNL’s 500 MW</a> grid-connected solar PV auction. When asked what the tariff expectations for this tender were, the GUVNL official said, “We are expecting tariffs in the range similar to the 500 MW auction we conducted recently.”</p>
<p>GUVNL had tendered the capacity in <a href="https://mercomindia.com/gujarat-floats-tender-700-mw-solar/" target="_blank" rel="noopener noreferrer">October 2018</a>. The official also said that the agency is planning to wrap up this auction now and by December 19, 2018 a reverse auction may be conducted.</p>
<p>The 500 MW auction was conducted in the state in order to develop standalone projects and yet such low tariffs were quoted. This auction for solar PV projects in a solar park (where all facilities are provided to developers) and may see some surprising tariffs. The applicable land lease charges at the Raghanesda Solar Park has been set at ₹10,000 (~$136.92)/hectare/year with an increment rate of 15 percent every three years.</p>
<p>Image credit: Azure Power</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/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</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/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
</div></div><div class="clearfix"></div></div></div>

Gujarat’s 700 MW Solar Tender Oversubscribed by Over Two Times

standalone-project

Get the most relevant India solar and clean energy news.

RECENT POSTS