Welspun Renewable Energy, Avaada Energy, and SAEL Industries secured Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 250 MW Grid Connected Solar Projects, with a 250 MW Greenshoe option. Welspun and Avaada won 50 MW and 100 MW at ₹2.60/kWh, and SAEL also secured 100 MW. Projects can be located anywhere in India, with 25-year PPAs.
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