Adani Green Energy has emerged as the lowest (L1) bidder in the auction conducted by the Solar Energy Corporation of India Ltd. (SECI) for 1,200 MW of ISTS-connected solar-wind hybrid power projects under Tranche-II. Adani Green Energy quoted a tariff of `2.69 (~$0.0387)/kWh to set up 600 MW of solar-wind hybrid projects.

According to the SECI official, Adani Green Energy emerged as the L1 bidder after it quoted `2.69 (~$0.03822)/kWh to set up 600 MW. While ReNew Power quoted `2.70 (~$0.0389/kWh)/kWh to set up 300 MW, SECI official stated that the company will be awarded 120 MW.

SECI had issued the tender for setting up 1,200 MW of solar-wind hybrid power projects under tranche-II in February 2019. SECI had fixed `2.70 (~$0.038/kWh) as the ceiling tariff for this tender.

NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

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