Solar Buzz: SECI’s 3 GW Auction

The Solar Energy Corporation of India (SECI) has auctioned 3 GW of Interstate Transmission System (ISTS)-connected solar photovoltaic (PV) in which ACME emerged as the lowest (L1) bidder by quoting a tariff of ₹2.44/kWh to develop 600 MW.

Auction Result for 3 GW Solar Project
Bidder	Capacity (MW)	Quoted Tariff (Rs./ KWh)
ACME Solar	600	2.44
Azure Power	300	2.64
Rutherford SolarFarm (Canadian Solar)	200	2.70
Mahoba Solar UP (Adani)	300	2.71
Renew Solar Power	500	2.71
SBE Renewables (Soft Bank)	1800	2.71
Mahindra Susten	250	2.72
Mytrah Energy	200	2.72
Tata Power (TTREL)	250	2.72
Hero Solar Energy	250	2.81
SPRNG Vaayu Urja (Actis)	250	2.90

Note*- SB Energy (SoftBank) bidded for 1800 MW but won 1100 MW

The tariffs quoted in this auction ranged between a high of ₹2.90/kWh and a low of ₹2.44/kWh a ₹0.46/kWh difference between the lowest and highest bid.

Azure Power bid for 300 MW quoting a tariff of ₹2.64 /kWh and emerged as the L2 bidder. Rutherford Solar Farms (Canadian Solar) quoted a tariff of ₹2.70/kWh to develop 200 MW. Adani Green and ReNew Power quoted a tariff of ₹2.71/kWh to develop 300 MW and 500 MW respectively.

SBE Renewables (SoftBank) also quoted a tariff of ₹2.71/kWh to develop 1,800 MW but was awarded 1,100 MW. The 1,100 MW project won by SoftBank is the single largest capacity bid in India to date in a reverse auction.