NHPC Limited has announced the results of its auction for 1,200 MW of inter-state transmission system -connected solar power projects with an energy storage system (ESS) component.
Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, and Kolar Solar Power (Rays Power Infra) secured capacities of 100 MW, 180 MW, 300 MW, and 150 MW, respectively, at a tariff of Rs 3.09 per kWh. ReNew Solar Power and Adani Renewable Energy Holding Nine (Adani Green Energy Limited) were awarded 300 MW and 170 MW, respectively, at Rs 3.10 per kWh. The tender, floated in September 2024, requires the projects to be completed within 24 to 30 months from the signing of the power purchase agreement. The projects are to be implemented on a build-own-operate basis, with a minimum project size of 50 MW, including an ESS component of at least 25 MW/50 MWh, in multiples of 10 MW. The total capacity is capped at 600 MW without the greenshoe option and 1,200 MW with the greenshoe option.