Torrent Wins 300 MW SECI Wind Project At Rs. 3.97/Unit

Torrent Green Energy Private, a subsidiary of Torrent Power has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for setting up of 300 MW Wind power project under Wind Tranche-XVIII. Torrent Green Energy secured the project from SECI at a tariff of ₹ 3.97/unit.

This project is to be commissioned within 24 months from the date of execution of the Power Purchase Agreement (PPA) at an estimated investment of about ₹ 2,650 Crores. SECI released the tender for this project in March 2025 and declared the results in four months. Additionally, SECI awarded 300 MW out of the 600 MW project. Originally, SECI released a tender for 300 MW but was later revised to a 600 MW project.

The company said in a regulatory filing about the nature of the award, “Torrent Green Energy secured the Letter of Award (LoA) for a wind power project for 300 MW (175 MW + 125 MW) under tariff-based Competitive Bid Route.  With this project, Torrent’s renewable capacity under development increases to 3.3 GWp. In addition to a balanced wind and solar portfolio, it is also working on other Green Energy pathways of Pumped Hydro and Green Hydrogen.”

Previous Tender: A Brief Comparison

SECI’s latest wind tender offered a higher tariff compared to previous auctions. In contrast, Gujarat Urja Vikas Nigam Ltd (GUVNL) recently awarded its 250 MW (Phase IX) grid-connected wind tender to KPI Green Energy, Juniper Green Energy, JGRJ Four Renewable (Jakson Green), and Inox Neo Energies (Inox Clean Energy). The tender also included a greenshoe option for an additional 250 MW in Gujarat.

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

Torrent Power Generation & Distribution:

Torrent Power, the ₹ 29,165 Crores integrated power utility of about ₹ 45,000 Crores Torrent Group, is one of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission, and distribution.

The company has an aggregate installed generation capacity of 4838 MW, comprising 2,730 MW of gas-based capacity, 1,746 MWp of renewable capacity, and 362 MW of coal-based capacity. Further, Renewable projects of 3,279 MWp and Pump Storage Capacity of 3,000 MW are under development. Total generation and pump storage capacity, including projects under development, is 8,117 MWp and
3,000 MW respectively.

On the distribution side, the Company distributes nearly 31 billion units to over 4.21 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat, Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD); Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.