SECI awards 1GW Round-the-Clock Thermal Mimic tender to seven bidders at INR 5.25-5.26/kWh

Type: Ppa · Technology: Hybrid · Country: India · Announced: 2026-08-10

India’s Solar Energy Corporation of India (SECI) finalized the results of its 1GW Round-the-Clock Thermal Mimic (RTC-TM) tender, awarding the full capacity to seven bidders at tariffs ranging from INR 5.25/kWh to INR 5.26/kWh (US$0.055/kWh). Issued in March 2026, the tender sought firm and dispatchable renewable energy capable of matching the reliability profile of conventional thermal generation. Five bidders secured capacity at INR 5.25/kWh, with the remaining two awarded at INR 5.26/kWh. Emif II Holding V II Coöperatief secured 100MW at INR 5.25/kWh, while Hero Solar Energy secured 120MW at the same tariff. Purvah Green Power secured 70MW, Resolven Four Energy secured 150MW, and Kengeri Prime Solar Power secured 180MW, all at INR 5.25/kWh. At INR 5.26/kWh, Hexa Climate Solutions was awarded 150MW, while Juniper Green Energy secured 230MW, the largest allocation in the tender. Juniper had bid for 300MW but received 230MW under the tender’s bucket-filling mechanism.

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