Amp Energy wins 150 MW wind-solar auction in India with $0.037/kWh bid

Amp Energy has won a 150 MW wind-solar auction in India with a bid of INR 3.07 ($0.037)/kWh.

From pv magazine India

Amp Energy India has won an auction by West Bengal distribution company CESC to acquire 150 MW of wind-solar hybrid power, with its Amp Green Energy subsidiary securing the capacity at the lowest tariff of $0.037/kWh.

The company will install 250 MWp of wind and solar capacity to meet the contracted 150 MW power. They have the flexibility to develop the project anywhere in India, as long as it is connected to the inter-state transmission network, operating on a build-own-operate basis.

CESC will sign a 25-year power purchase agreement with Amp Energy.

Amp Energy India’s latest win adds to their previous 100 MW success in Solar Energy Corp. of India Ltd’s 1.2 GW hybrid wind-solar auction. Its utility portfolio has now grown to 1.75 GWp-plus and its total portfolio (including C&I off-takers) stands at 3 GWp.

This post appeared first on PV Magazine.

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