Major Renewable Energy Firms Secure SJVNs 1.5 GW Wind- Solar Tender

Industry News

Major Renewable Energy Firms Secure SJVNs 1.5 GW Wind- Solar Tender

Updated on Jun 25, 2024, 04:00 AM IST
Written by Anandu Manoj

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 SJVNs 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.



 





 



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.



 





 



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