Grew Energy’s 200 MW Module Contract From SECI To Support Market Building

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Grew Energy has scored in the Solar Energy Corporation of India’s (SECI) auction, clinching the largest share of a 200 MW module supply contract. According to a press release by Grew Energy, the company’s mandate entails the testing, packaging, forwarding, supplying, and transporting of solar PV modules.

Grew Energy has been domestically manufacturing solar cells and modules and is among the newest entrants capable of supplying domestically made solar PV modules. The SECI tender, issued in December 2023, specifies the supply of uniform-sized crystalline technology modules to locations nationwide by SECI guidelines. The delivery timeline for the product and its spare parts is set over a nine-month duration. For Grew, the early win of such a large order augurs well in terms of building market credibility as higher capacity utilisation as it girds up for a higher market share domestically.

The evaluated bid price, finalised at Rs. 22.66 per Watt peak (Wp) for all three bidders, establishes a standardised rate for module supply and sets a precedent for upcoming auctions.

Vinay Thadani, CEO and Director of Grew Energy, expressed pride in securing the mandate amidst stiff competition from other MNRE-approved manufacturers. He emphasized the company’s technological capabilities and operational readiness to contribute to various solar projects across the country.

Hardip Singh, COO of Grew Energy, exuded confidence in meeting manufacturing requirements and delivery deadlines. He underscored the company’s ambition to excel in India’s renewable energy sector and play a pivotal role in India’s self-sufficiency journey while aiming to lead in providing sustainable solutions globally.

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