Construction Industry News
Tata Power Renewable Energy (TPREL) was declared the winner in the auction by Tata Power Delhi Distribution (TPDDL) for 255 MW of wind-solar hybrid projects. The company quoted a price of Rs 3 ($0.037)/kWh, according to Mercom.
The second lowest tariff bid was Rs 3.01 ($0.037)/kWh by Avaada Energy. The third was Rs 3.80 ($0.047)/kWh by ReNew Solar Power. The winning rate is 28% higher than the lowest bid of Rs 2.34 ($0.029)/kWh discovered in the Wind-Solar Hybrid (Tranche-IV) auction held last August. The significant increase in the rate detected in recent auctions reflects the impact of the Basic Customs Duty Regulation and the Approved Models and Manufacturers List (ALMM) on projects.
The tender was issued by the TPDDL in September for the establishment of 255 MW of wind-solar hybrid projects with a greenshoe option of an additional 255 MW across India on a build, own and operate basis.
In the tender, TPDDL has specified the capacity allocation as 85 MW solar and 170 MW wind energy.
TPDDL enters into a 25-year power purchase agreement with the winning bidder.
In Merccom's recently released India Solar Market Leaderboard 1H 2022, Tata Power Renewables ranks second in number of solar installations in 1H 2022, accounting for a market share of 10%.
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