TPREL & Juniper Green Emerge as Successful Bidders in 225 MW Renewable Hybrid Auction

An independent renewable energy power producer and operator of solar, wind and hybrid power projects- Juniper Green Energy and Tata Power Renewable Energy Limited (TPREL)- which delves into the renewable energy sector and a subsidiary of Tata Power, have emerged as winners in Tata Power’s auction. The tender was issued for the development and procurement of 225 MW of grid-connected intrastate and interstate wind-solar hybrid power projects. It also entails a greenshoe option of 225 MW on a long-term basis.

Juniper Green Energy quoted INR 3.27 per kWh and bagged 75 MW while TPREL bagged 150 MW at INR 3.28 per kWh under bucket-filling method.

The tender for the hybrid projects was issued in June. The successful bidders will now enter into a Power Purchase Agreement for a period of 25 years from the date that the project is commissioned. Tata Power has mandated the use of solar modules in ALMM issued by the MNRE.

Earlier, Tata Power Renewable Energy Limited signed two significant Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively. In June, Tata Power Renewable Energy Limited also commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board.