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Charanka Solar Park

Indian State Of Gujarat Floats 1 Gigawatts Renewable Energy Tender

Indian State Of Gujarat Floats 1 Gigawatts Renewable Energy Tender

written by saurabh

Perhaps for the first time the Indian state of Gujarat will auction renewable energy projects under its state policy when it puts on the block 500 megawatt solar and wind energy capacity next month.

The Gujarat Urja Vikas Nigam Limited (GUVNL) recently issued request for selection documents for 500 megawatt solar and 500 megawatt wind energy capacity. The capacity will be allocated through competitive auctions in mid-July. This will mark the first Gujarat will auction utility-scale solar power projects and the first time ever a state would auction wind energy capacity in India.

Gujarat is among the leading states in terms of operational solar and wind energy capacities, yet it has probably never auctioned any projects under the state policy.

Gujarat hosts India’s first and one of the largest solar power projects in the country – the Charanka solar power park. The state’s total installed solar power capacity stands at just over 1,250 megawatts. It is also among the leading states in terms of installed wind energy capacity at 5,339 megawatts.

Power generated from the projects allocated through the auctions will be sold to state-owned power utilities in the states for the fulfilment the of renewable purchase obligation.

Since Gujarat already has substantial renewable energy capacity operational it is very likely that these auctions could see highly competitive bids from project developers. Long-term PPAs with state-owned utilities would also give confidence to the bidders. Gujarat’s power utilities have been ranked among the best performing in the country by the central government’s Ministry of Power.

Public-sector companies will have 15% reserved capacity in solar as well as wind energy tenders. This could possibly mean that 75 megawatts of solar power capacity could be based on Indian-made panels.



June 23, 2017 0 comment
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200 MW Capacity Auctioned For India’s Charanka Solar Power Park

200 MW Capacity Auctioned For India’s Charanka Solar Power Park

written by saurabh

Expansion of the Charanka solar power park is set to begin as fresh capacity has been auctioned by the central government.

The Solar Energy Corporation of India recently auctioned and allocated 200 MW solar PV power capacity that will form part of the Charanka solar power project in Gujarat. The auction was held under the National Solar Mission phase II batch IV that provides projects developers with capital cost support at fixed tariff.

Two projects of 40 MW capacity each were secured by government-owned Gujarat Industries Power Limited. The company sought capital cost support of Rs 67.99 lakhs/MW (US$101,810/MW) and Rs 69.75/lakhs per MW (US$104,446). The total capacity cost for the project is expected to be around Rs 5.30 crore/MW (US$793,640/MW).

Another 40 MW project was secured by renewable energy IPP Orange Renewables which quoted a bid of Rs 70.25 lakhs/MW (US$105,344/MW).

Two 40 MW projects have reportedly been allocated to Mahindra Renewables, part of the Mahindra & Mahindra industrial conglomerate. One of the projects is to be developed using Indian-made solar PV modules only. Interestingly, the company placed the same bids for both the projects – Rs 77.77 lakhs/MW (US$116,455/MW).

All the projects will sign power purchase agreement with the Solar Energy Corporation of India for a period of 25 years at a fixed tariff of Rs 4.43/kWh.

The projects will expand the Charanka solar power project in Gujarat which has an installed capacity of 345 MW. The park currently includes projects that were allocated under the Gujarat Solar Power Policy 2009. The projects allocated by SECI will be the first to be commissioned under a central government policy at the park.



June 30, 2016 0 comment
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