Daily News Wrap-Up: SECI’s 1.2 GW Solar Auction Winners Announced
MERC approves MSEDCL'S petition to procure solar and thermal power
July 17, 2024
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Pace Digitek, Hero Solar Energy (Hero Future Energies), ACME Solar Holdings, and JSW Neo Energy (JSW Energy) were declared winners in Solar Energy Corporation of India’s (SECI) auction to set up 1,200 MW Inter-State Transmission System (ISTS)-connected solar power projects with 600 MW/1,200 MWh energy storage systems (ESS) anywhere in India under Tranche XV. Pace Digitek was awarded 100 MW at a tariff of ₹3.41 (~$0.0408)/ kWh. Hero Solar and ACME Solar quoted ₹3.42 (~$0.0410)/kWh to win 250 MW and 350 MW, respectively.