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Daily News Wrap-Up: SAEL, Kintech, Prozeal Win GUVNL’s 500 MW Solar Auction

Anti-dumping duties on Chinese solar glass could raise module prices

December 19, 2024

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S.B.B. Mouldings, Kintech Synergy, Enertech Fuel Solutions, Prozeal Green Energy, Ausom Enterprise, Drashta Green Power, and SAEL Industries won Gujarat Urja Vikas Nigam’s Phase XXV auction to supply power from 500 MW of grid-connected solar power projects with an additional 500 MW greenshoe option. Prozeal, Kintech, Ausom, Enertech, S.B.B., and Drashta won 100 MW, 50 MW, 50 MW, 40 MW, 10 MW, and 10 MW, respectively at a tariff of ₹2.55 (~$0.0300)/kWh. SAEL won 240 MW out of the quoted capacity of 300 MW at ₹2.56 (~$0.0301)/kWh under the bucket-filling method.

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