Wind Turbine Winners: SECI Auctions

As FY-18 comes to an end the market has seen 3.9GW of wind auctions with another 1GW of auction expected to come in another few days in Mar-18. The average blended rate for the auctions conducted in FY-18 is Rs 2.72 per MW with rates falling from Rs 3.45 per MW at the start of the year to Rs 2.44 per MW in the latest auction held in Feb-18. While the falling rates creates pressure for all including the wind turbine suppliers, Indian OEM’s namely Inox Wind and Suzlon appear to be winning.

SECI Auction Winners

Month Auction Winner MW Rate (Rs/MW) Wind Turbine Supplier
Feb-18 ReNew Power 400 2.44 Suzlon
Feb-18 Green Infra Wind Energy 300 2.44 Suzlon
Feb-18 Inox Wind 200 2.44 Inox Wind
Feb-18 Torrent Power 499.8 2.44 Inox Wind
Feb-18 Adani Green Energy 250 2.45 Inox Wind
Feb-18 Alfanar Company 300 2.45 Senvion
Feb-18 Betam 50.2 2.45
Oct-17 Inox Wind 250 2.65 Inox Wind
Oct-17 Green Infra Wind Energy 250 2.65 Suzlon
Oct-17 Adani Green Energy 50 2.65 Inox Wind
Oct-17 ReNew Power 250 2.64 Suzlon
Oct-17 Orange 200 2.64 Gamesa
Aug-17 Regen Power Tech 250 3.42 Regen Power Tech
Aug-17 Leap Green Energy 250 3.43
Aug-17 Neyveli Lignite Limited 400 3.45
Overall 3,900 2.72

Wind Turbine OEM Winners

Inox Wind and Suzlon appear to the be the clear winners having collectively won two-thirds of the MW up for bidding. Inox Wind is ahead of Suzlon having won 1.25 GW worth of wind turbine orders. Suzlon has kept pace with Inox Wind winning 1.2GW in the auctions.

Interestingly we don’t have Siemens Gamesa and Senvion winning  big in the auctions.

 



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