Enel wins solar tender to build first solar plant in India

Italy’s Enel Group has won its first solar photovoltaic tender in India and would be spending around $180 million to build its first solar plant in the country.

Solar Energy Corporation of India Limited (SECI), which floated the tender for setting up 2 GW of solar power projects under the ninth tranche, received bids for 5,280 MW. The Enel Group’s green energy unit has won the right to sign a 25 year energy supply contract for a 420 MW solar project in the Rajasthan. Enel had quoted a bid of Rs 2.37 per unit. The SECI tender also saw a record low tariff of Rs 2.36 per unit being discovered for the first time which was quoted by Spanish renewable firm Solarpack Corporation for 300 MW. This is the first such tender with the majority capacity bid and won by foreign players. Other winners in the tender were New York-based Eden Renewables, which won 300 MW for Rs 2.37 per unit, Ayana Renewable Power and ReNew Power, which won 300 MW and 400 MW, respectively for Rs 2.38 per unit.