NTPC has allocated 1,584 MW under its 3 GW renewables-plus-storage tender, at an average price of INR 4.70 ($0.056)/kWh.
ABC Cleantech bid for 300 MW and won the capacity by quoting the lowest tariff of INR 4.64/kWh. Juniper Green Energy secured 200 MW and Hero Solar 120 MW at INR 4.69/kWh each. Serentica Renewables and Tata Power Renewable Energy secured 200 MW each at INR 4.71/kWh. BN Dispatchable 1 (BrightNight Power) was awarded 110 MW and ReNew Solar Power 400 MW at INR 4.72/kWh. ACME Cleantech was allocated 54 MW against its bid capacity of 250 MW, at INR 4.73/kWh.
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy in a demand-following manner. The projects are to be developed on a build-own-operate basis. These can be located anywhere in India and must connect to the interstate transmission grid.
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