India has tendered 2 GW of solar with a tariff of $0.032/kWh. Winning developers can set up projects in any country as long as they are connected to the Interstate Transfer System (ISTS).
Six developers have emerged winners in Solar Energy Corp. of India’s (SECI) 2 GW solar auction.
ReNew and SAEL secured 600 MW each at INR 2.60 ($0.032)/kWh. Eden (300 MW), Jakson (200 MW) and Shiva Corp (100 MW) are the other winners at this price.
Avaada won 200 MW at INR 2.61/kWh.
Projects connected to ISTS are intended to be developed on the build-it-yourself-use principle.
SECI signs 25-year power purchase agreements with the winners of the tender. Electricity procured by SECI is sold to various purchasing units in India.