SolarArise, SJVN Green Energy, and Tata Power Renewable Energy (TPREL) have been declared the winners of the Maharashtra State Electricity Distribution Company (MSEDCL) auction to procure 500 MW of long-term power from Phase IX of grid-connected intrastate solar projects.

SolarArise quoted Rs 2.90 ($0.035)/kWh and won the capacity of 100 MW, followed by SJVN Green Energy, which quoted Rs 2.95 ($0.036)/kWh and won the capacity of 200 MW. Despite having bid 300 MW, Tata Power Renewable Energy was only allocated 200 MW after quoting Rs 2.97 ($0.0364)/kWh under the bucket-filling method.

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