Wednesday, 28 November 2018

Shapoorji Pallonji wins India's largest floating solar auction quoting just Rs 3.29/kwH


EPC Sterling and Wilson, a part of Indian conglomerate Shapoorji Pallonji have won India’s first major grid-connected floating solar tender for 50MW of capacity at a tariff of Rs 3.29/kWh at Rihand dam. Rihand Dam is officially known as Govind Ballabh Pant Sagar Reservoir is located in Sonabhadra district of Uttar Pradesh.

Shapoorji Pallonji and Renew Power were bidders for package B. The remaining 100MW of capacity out for tender will also soon be auctioned by Solar Energy Corporation of India (SECI) in two blocks of 50MW. SECI had increased the capacity available in its tender from 100MW to 150MW back in April.

India is committed towards 175GW renewable power by 2022 and a lead initiator for International Solar Alliance. Taking that into account and expected tariffs of around Rs 3.00/kWh for ground-based solar, the discovered tariff seems about right. The Rihand Dam solar project could be an ideal example for other dams and river bodies.

SECI had fixed ₹3.32/kWh as the upper tariff ceiling for this tender. The successful developers will enter 25-year power sale agreements with Uttar Pradesh Power Corporation Limited (UPPCL). In the tender, SECI had also specified that a single bidder can bid for a minimum 50 MW and a maximum 150 MW.

PV-Tech.org reports that India's Ministry of New and Renewable Energy (MNRE) has come out with new guidelines for distributed grid-connected solar PV projects in the Andaman and Nicobar Islands and Lakshadweep with a target of 52MW energy on floating solar.

Source - PV Tech, MercomIndia.

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