NTPC announces results for 1,200 MW wind-solar hybrid auction

NTPC Limited has announced the results of its auction for 1,200 MW of inter state transmission system (ISTS)-connected wind-solar hybrid power projects (Hybrid 02), with an additional greenshoe option of up to 600 MW. JSP Green (Jindal Renewables) secured 350 MW at a tariff of Rs 3.38 per kWh, while Adyant Enersol (Datta Infra), Green Prairie Energy IV (EverGreen Power) and AMPIN Energy Utility were awarded 150 MW, 200 MW and 150 MW respectively at a tariff of Rs 3.44 per kWh. Adani Renewable Energy Holding Twelve (Adani Green) won 350 MW at Rs 3.44 per kWh under the bucket-filling method. Additionally, NTPC declared the results of its auction for 1.2 GW of solar power projects, which included an additional greenshoe option of 600 MW. Six companies emerged as winners in this tender, collectively securing 916 MW of capacity. The remaining capacity can be allocated under the greenshoe provision. BPCL secured 150 MW at the lowest tariff of Rs 2.55 per kWh, Onward Solar Power won 50 MW at Rs 2.59 per kWh, and ReNew Solar Power was allocated 300 MW at Rs 2.60 per kWh. Illuminate Hybren also secured 120 MW at Rs 2.60. Adyant Enersol Private Limited was awarded 100 MW, also at Rs 2.60 per kWh, while Dinesh Chandra R. Agrawal Infracon received a 96 MW project at a slightly higher tariff of Rs 2.70 per kWh.