GUVNL Awards 250 MW Wind Project to KPI, Juniper, Jakson Green & Inox

GUVNL Awards 250 MW Wind Project to KPI, Juniper, Jakson Green & Inox

Gujarat Urja Vikas Nigam Ltd (GUVNL) has awarded its 250 MW (Phase IX) grid-connected wind power project to KPI Green Energy, Juniper Green Energy, JGRJ Four Renewable (Jakson Green), and Inox Neo Energies (Inox Clean Energy). The tender includes a greenshoe option for an additional 250 MW in Gujarat.

KPI Green Energy won the largest allocation, securing 100 MW at the lowest quoted tariff of ₹3.64/kWh. Juniper Green Energy and JGRJ Four Renewable each secured 50 MW at ₹3.65/kWh and ₹3.66/kWh, respectively. Inox Neo Energies was awarded 50 MW out of the 100 MW it bid for at ₹3.66/kWh, under the bucket-filling method.

Tariffs Edge Higher Compared To Previous Tenders

The tariffs in this round were marginally higher than those in GUVNL’s previous wind auction. In its 200 MW Phase VIII tender, the company awarded 50 MW to Juniper Green Energy at ₹3.56/kWh, 40 MW to RIH Renewables (EDF Renewables) at ₹3.59/kWh, and 50 MW to Jakson Green at ₹3.63/kWh.

In comparison, SJVN’s recent wind tender saw even higher tariffs. Adyant Enersol was awarded 70 MW at ₹3.98/kWh, while UPC Renewables secured 100 MW at ₹3.99/kWh, with a total of 170 MW awarded out of the 600 MW tendered.

GUVNL’s latest auction also saw higher tariffs than those offered in SECI’s Tranche XVI tender for 1,350 MW of ISTS-connected wind projects across Gujarat, Karnataka, and Rajasthan. In that round, JSW secured capacity at ₹3.61/kWh, Powerica at ₹3.70/kWh for 50 MW, and Torrent Power at ₹3.60/kWh for 100 MW.

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About The Project

The successful bidder for GUVNL’s wind tender would now be responsible for adhering to the set criterion laid down by the document which stated, “The successful bidder can declare the annual CUF of their Project at the time of signing of PPA which can be revised once within first three years of CSD. The declared annual CUF can in no case be less than 22%. The bidders have to maintain generation to achieve annual CUF within + 20% and -20% of the declared CUF during the PPA duration of 25 years.”

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GUVNL’s wind energy tender stated, “The renewable energy (RE) generating station would be capable of supplying dynamically varying reactive power support to maintain power factor within the limits of 0.95 lagging to 0.95 leading. The dynamically varying reactive support is necessary during transient conditions such as Low Voltage Ride Through (LVRT) or High Voltage Ride Through (HVRT). The fixed capacitor banks can provide reactive support only during a steady state and also the support is delivered in steps after a time delay.”