Results for NTPC Limited’s auction to develop 1,500 MW of inter-state transmission system (ISTS) connected wind-solar hybrid power projects, tranche IV, have been announced.
ABC Cleantech (Axis Energy) has won 750 MW by quoting Rs 3.27 per kWh. While Juniper Green Energy has won 300 MW by quoting Rs 3.29 per kWh. Other companies have won the following capacities: ACME Cleantech Solutions – 150 MW and ReNew Solar Power – 300 MW by quoting a tariff of Rs 3.32 per kWh. The projects are required to be commissioned within 24 months of the power purchase agreement (PPA) being signed. The developers of the project can choose to propose hybrid projects with or without an energy storage system (ESS). Nevertheless, if the ESS is charged using a source other than a combination of wind or solar power, it will not meet the criteria for hybrid power.
