NTPC declares winners of its 1 GW wind-solar hybrid auction

Results for NTPC Limited’s auction to develop 1,000 MW of inter-state transmission system (ISTS) connected wind-solar hybrid power projects, tranche V, have been announced. Sprng Energy and AmpIn Energy Transition, and Juniper Green Energy have won 150 MW each, by quoting Rs 3.41 per kWh, Rs 3.42 per kWh, and Rs 3.43 per kWh, respectively. While ReNew and Avaada Energy have won 300 MW and 250 MW by quoting Rs 3.44 per kWh and Rs 3.47 per kWh, respectively. At least one of the project’s resources (wind or solar) must have a rated power capacity equivalent to or exceeding 33 per cent of the total contracted capacity. The developers of the project can choose to propose hybrid projects with or without an energy storage system.