Rajasthan completes 1 GW/2 GWh BESS auction under tariff-based bidding
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) concluded its auction for a 1,000 MW/2,000 MWh standalone Battery Energy Storage System (BESS) project, recording the lowest price for such systems in India. The tariff-based competitive bidding saw rates between Rs 1.775 lakh and Rs 1.785 lakh per MW per month. Eleven winners were selected. Five companies quoting the lowest tariff became L1 bidders. Stockwell Solar led with 200 MW/400 MWh at Rs 1.775 lakh per MW…
