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India Allocates 1.2 GW of Renewables-Plus-Storage at Average of $0.051/Kwh

2024-10-11 15:49

Wedoany.com Report-Oct 11，SJVN’s second tender for 1.2 GW of firm, dispatchable power from renewables projects with energy storage systems has yielded a tariff of INR 4.25 ($0.051)/kWh.

Four developers won by quoting the lowest tariff of INR 4.25/kWh. They included Juniper Green (200 MW), ReNew (150 MW), Ganeka Solar/Zelestra (140 MW) and Hero Future Energies (120 MW). The remaining 590 MW was allocated to Avaada at INR 4.26/kWh.

The winning developers will set up renewable energy projects backed with energy storage systems to supply firm, dispatchable renewable energy. The projects will be developed on a build-own-operate basis.

SJVN will sign 25-year power purchase agreements (PPAs) with the successful bidders

The projects can be located anywhere in India and must be connected to the interstate transmission system (ISTS).

Asia India Environmental friendly

Renewables-Plus-Storage

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