Last Updated on 20
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.
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 |
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.
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.
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