"Grew Energy Wins 200 MW in SECI Solar PV Module Auction"

Grew Energy has achieved a significant milestone by securing the largest share of the Solar Energy Corporation of India (SECI) 400 megawatt (MW) tender for solar photovoltaic (PV) modules. The tender, released in December 2023, encompasses testing, packaging, forwarding, supplying, and transporting solar PV modules as specified by SECI guidelines.

The company will be responsible for delivering 200 MW of solar PV modules, the largest portion of the tender. The product and its spare parts will be delivered over a nine-month period, with locations varying across the nation. The tender requires uniform size and crystalline technology for all solar PV modules.

Grew Energy CEO Vinay Thadani expressed confidence in the company's capacity to fulfill the mandate. He highlighted that Grew Energy is among a select group of manufacturers capable of supplying domestically made solar PV modules using domestically manufactured solar cells.

The tender's bid price has been set at ₹22.66 per Watt peak (WP), which applies to all three bidders, thereby establishing a standardized rate for the supply of solar PV modules. This standardized rate sets a benchmark for future solar tenders and emphasizes the preference for locally produced solar technology.

Grew Energy COO Hardip Singh stated, "We are confident that we will not only be able to meet the manufacturing requirements but also achieve the delivery deadlines successfully. Our aim is to soar high in India’s renewable energy sector and be direct contributors in making India self-sufficient and become world leaders in providing sustainable solutions to mankind."

With this tender, Grew Energy is poised to play a significant role in India's renewable energy sector, contributing to the country's sustainability goals and reinforcing India's position as a leader in the global solar industry.

HBL