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Major Renewable Energy Firms Secure SJVN’s 1.5 GW Wind- Solar Tender

Last Updated on 20th February 2024

Juniper Green Energy, Datta Power Infra, Sembcorp, O2 Power, Ever Green Power and Avaada Energy have secured significant capacities in SJVN's (Satluj Jal Vidyut Nigam) recently concluded auction for 1.5 GW of wind-solar hybrid power projects. 

 

Major Renewable Energy Firms Secure SJVN’s 1.5 GW Wind- Solar Tender

 

This development marks a significant step forward in India's clean energy journey, with the auction attracting competitive bids and promising cost-effective renewable power generation.


 

Bidder

Capacity (MW)

Quoted Bids(USD/KWh)

Juniper Green Energy

150

0.0413

Dotta Power

50

0.0418

Sembcorp

440

0.0419

O2 Power

270

0.0419

EverGreen Power

60

0.0419

Avaada Energy

530

0.0421

 

Source

 

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The auction results highlight the increasing competitiveness of India's renewable energy sector, with developers vying for projects at attractive tariffs. This bodes well for the country's ambitious renewable energy goals. SJVN issued the tender for projects in September 2023. SJVN will ink a power purchase agreement with successful bidders for 25 years.

 

Read: SJVN Green Seeks Developers for 1.5 GW Wind-Solar Hybrid Project in India

 

About SJVN

 

SJVN Limited, formerly known as Satluj Jal Vidyut Nigam, is a state-owned power generation company headquartered in Shimla, Himachal Pradesh, India. Established in 1988 as a joint venture between the Government of India and the Government of Himachal Pradesh, it has since emerged as a major player in the country's renewable energy sector. SJVN mainly focuses on hydroelectric projects in the Himachal region. To learn more about upcoming projects and tenders of SJVN check out our Indian renewable energy,hydro-power and overhead transmission databases.

 

Read: SJVN Gets Approval to Form Four Joint Ventures for 8 GW Hydro and Renewable Power Projects

 

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