Inox Neo Energies Limited has secured 50 MW capacity under Gujarat Urja Vikas Nigam Limited’s (GUVNL) Wind Phase-IX auction.
The auction was conducted for the development of 250 MW of grid-connected wind power projects across Gujarat. The company had bid for 100 MW and was awarded 50 MW at a discovered tariff of Rs 3.66 per kWh. This marks Inox Neo Energies’ successful participation in its first-ever wind power auction.