NTPC Renewable Energy has just landed a massive 900 MW in PFC Consulting’s latest 1.25 GW solar auction. Acme Cleantech also made a strong showing by securing 300 MW, while Solarcraft walked away with 50 MW.
December 28, 2023 Uma Gupta
Acme Solar’s Bhadla plant in Rajasthan
Image: Acme Solar
From pv magazine India
PFC Consulting, a unit of Power Finance Corp., has declared the winners of its 1.25 GW solar tender.
Three developers have emerged in the procurement exercise, which yielded a final average price of about INR 2.53 ($0.030)/kWh to INR 2.54/kWh.
NTPC Renewable Energy secured the biggest slice of 900 MW. Acme Cleantech won 300 MW at INR 2.53/kWh. Solarcraft secured 50 MW at INR 2.54/kWh.
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The winners will develop solar projects, connected to the interstate transmission grid, on a build-own-operate basis in India.
The capacity will be developed under the scheme for flexibility in the generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power.
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