SECI: Selection of 1200 MW ISTS-connected Solar PV Power Projects with 600 MW/3600 MWh ESS (SECI-ISTS-XXI) – EQ
Summary:
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### **1. Project Overview**
– **Issuing Agency**: Solar Energy Corporation of India Limited (SECI)
– **Project**: 1200 MW ISTS-connected Solar PV Power Projects with 600 MW / 3600 MWh Energy Storage System (ESS)
– **Reference**: Tender No. SEI-C/AP/PP-11/0006-25-26 dated 19.06.2025
– **Auction Date**: e-Reverse Auction held on 09.01.2026
– **LoA Issued**: 29.01.2026 to successful bidders
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### **2. Auction Results & Capacity Allocation**
– **Total Bids Received**: 6150 MW (from 24 bidders)
– **Awarded Capacity**: 1200 MW (with ESS)
– **Winning Tariff Range**: ₹3.12 – ₹3.99/kWh
| **S. No** | **Successful Bidder** | **Awarded Capacity (MW)** | **Tariff (₹/kWh)** |
|———–|——————————————|—————————-|———————|
| 1 | ACME Solar Holdings Limited | 600 | 3.12 |
| 2 | NLC India Renewables Limited | 600 | 3.12 |
| 3 | RPL Power Private Limited | 300 | 3.13 |
| 4 | Orissa Power Limited | 300 | 3.13 |
| 5 | Wabon Renewable Energy Private Limited | 200 | 3.16 |
| 6 | Agraa Energy Private Limited | 200 | 3.18 |
| 7 | Chinta Green Energy Private Limited | 600 | 3.29 |
| 8 | Ayaa Renewable Power Private Limited | 200 | 3.30 |
| 9 | Purava Green Power Private Limited | 300 | 3.43 |
| 10 | Solar91 Chantick Limited | 50 | 3.44 |
| 11 | Sodareal Power India & Private Limited | 150 | 3.75 |
| 12 | ReNew Private Limited | 300 | 3.80 |
| 13 | ACME Solar Holdings Limited (additional) | 600 | 3.90 |
| 14 | Warae Power Energy Private Limited | 250 | 3.96 |
| 15 | Serenica Renewables India Private Limited| 200 | 3.98 |
| 16 | MB Power (Madhya Pradesh) Limited | 150 | 3.99 |
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### **3. Pre-Auction Shortlisting (e-RA)**
– 23 bidders were shortlisted for the e-Reverse Auction based on Clause 40 of the RfS.
– Shortlisted capacity: 6150 MW.
– The lowest shortlisted tariff was **₹3.40/kWh** (Agena Energy Private Limited), and the highest was **₹5.83/kWh** (Stockwell Solar Services Private Limited).
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### **4. Key Business Insights**
– **Competitive Bidding**: Tariffs remained competitive, with most awards below ₹4.00/kWh.
– **Major Winners**: ACME Solar and NLC India Renewables secured the largest shares (600 MW each) at the lowest tariff (₹3.12/kWh).
– **ESS Integration**: The project includes a significant energy storage component (600 MW/3600 MWh), highlighting India’s focus on grid stability and renewable integration.
– **Market Participation**: A diverse set of players (public, private, renewables-focused) participated, reflecting strong industry interest in large-scale solar+storage tenders.
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