Reading Time: 2 minutes
In the latest SECI auction for 1.35 GW of ISTS wind power (Tranche XVI), significant capacity was awarded to several key players. The auction results, highlight the competitive tariffs and capacity allocations.
For projects to be set up in Gujarat, JSWNeo Energy emerged as a major winner, securing a total of 700 MW at a tariff of ₹3.61/kWh. This includes 350 MW under regular allocation and an additional 350 MW through the greenshoe option. Another notable winner, Powerica, secured 50 MW at a slightly higher tariff of ₹3.70/kWh.
The auction also featured specific allocations for the state of Karnataka. Here, JSWNeo Energy once again led the pack, winning 175 MW under the greenshoe option at a tariff of ₹3.60/kWh. Torrent Power followed with a 100 MW allocation at ₹3.60/kWh. JSW Neo Energy also secured an additional 150 MW at a tariff of ₹3.68/kWh.
SECI will formalize a 25-year power purchase agreement (PPA) with developers to secure wind power. Project developers are required to comply with the grid code, grid connectivity standards, communication system regulations, and other rules set by relevant commissions and the Central Electricity Authority to connect to the grid and measure electricity.
The ISTS connection must meet a minimum voltage level of 220 kV. Developers must ensure that the annual capacity utilization factor (CUF) remains above 22%. Over the 25-year PPA period, electricity generation should achieve an annual CUF between 80% and 120% of the declared or revised value.
To minimize technological uncertainties and ensure timely power generation, only well-established technologies should be used. Wind turbine models must be certified and included in the Ministry of New and Renewable Energy’s Revised List of Models and Manufacturers.
These stringent requirements are designed to promote reliability and efficiency in wind power projects, contributing to the stability and growth of India’s renewable energy infrastructure.
This auction demonstrates the robust interest and participation from major energy players, emphasizing their commitment to expanding renewable energy infrastructure. The competitive tariffs achieved in this round also indicate the maturing market dynamics and increasing efficiency in wind power project implementations.
