BluPine and ACME emerge as victors in RUVNL’s 1.2 GW Solar With Storage Auction
Solarcraft Power (BluPine Energy) and ACME Solar emerge as victors in the Rajasthan Urja Vikas Nigam’s (RUVNL) auction for 1,200 MW of solar projects across India, featuring a dedicated energy storage system that supplies for a minimum of six hours during peak demand periods.
BluPine Energy secured 100 MW out of the quoted 600 MW at a rate of 6.68 cents ($0.081) per kWh, while ACME won the remaining 500 MW with a tariff of 6.69 cents ($0.081) per kWh. The inclusion of storage led to relatively higher revealed auction tariffs.
Auction for 600 MW Conducted by RUVNL, the remaining capacity status is awaiting
The tender was initiated by RUVNL in March of the current year.
To fulfill its renewable purchasing requirement goals, RUVNL will use the power produced by these projects.
The developer is required to provide energy equivalent to a maximum of 3 MWh per 1 MW of the contracted capacity per day during peak hours, specifically from 6 AM to 10 AM and 6 PM to 10 PM, as part of the overall energy provision from the venture.
The developer is in charge of obtaining connectivity to the ISTS, and the project must be prepared to facilitate integration with the interstate transmission system (ISTS).
The developer must maintain an energy supply that achieves an annual output equivalent to a capacity utilization factor (CUF) that is not less than 90% of the declared value and not more than 120% of the declared CUF value throughout the 25-year power purchase agreement (PPA) term.
The solar modules that will be used in the projects must be covered by a warranty for their peak output wattage, which must stay at least 90% after ten years and at least 80% after twenty-five.
In the RUVNL auction for the supply of 1 GW of electricity from state transmission utility-connected solar power projects in Rajasthan, Mahindra Susten, Sunfree Energy, Solarcraft Power India (BluPine Energy), Jackson, Shiva Corporation, Avaada Energy, and SJVN emerged as the winners in May of this year.
For 1,500 MW of ISTS-connected wind-solar hybrid power projects anywhere in India with the necessary storage to allow distribution firms flexibility in the scheduling of power, RUVNL had previously requested bids.
To keep up with current tender activities, sign up for Mercom’s India Solar Tender Tracker.
What is Net Zero and why it is important for Indian Economy?