Covering 10 to 16 October 2026. Two CERC tariff adoption orders set fresh benchmarks for standalone wind. Every item is checked against the issuing authority's own document.
1. CERC adopts tariffs for SECI's 1,200 MW wind Tranche-XIX at Rs 3.67 to 3.69 per kWh
CERC · 14 October 2026 (Petition 179/AT/2026)
SECI's Tranche-XIX tender (request for selection dated 15 October 2025) was first offered as 600 MW and raised to 1,200 MW on 5 December 2025. Sixteen bidders offered 3,104 MW. After the e-reverse auction on 4 February 2026, letters of award were issued on 10 February 2026 to seven bidders at Rs 3.67 to 3.69/kWh: K.P. Energy 100 MW at Rs 3.67; Ganeko Three Energy 180 MW, Waaree Forever Energies 300 MW and Opera Energy 50 MW at Rs 3.68; Purvah Green Power 250 MW, Vena Energy Aura 124 MW and Refex Holding 196 MW at Rs 3.69. The lowest (L1) tariff of Rs 3.67 is 7.56% below the Rs 3.97 adopted in SECI's Tranche XVIII.
Power purchase agreements (PPAs) run 25 years from the scheduled commencement of supply date, and supply must start within 24 months of the PPA effective date. All 1,200 MW is tied up: power sale agreements (PSAs) were signed with GRIDCO (600 MW, 24 March 2026) and UPPCL (600 MW, 30 March 2026), and PPAs were signed between 15 April and 20 May 2026. On the Rs 0.07/kWh trading margin, CERC said it will follow the PSAs, but the margin cannot exceed Rs 0.02/kWh if SECI fails to provide an escrow arrangement or an irrevocable, unconditional, revolving letter of credit.
Why it matters for wind: This is the current benchmark for standalone ISTS wind, with the L1 tariff down 7.56% from Tranche XVIII. The full PSA tie-up with GRIDCO and UPPCL limits offtake risk for these projects, and the margin cap gives generators some protection if SECI does not provide escrow or a letter of credit.
Source: CERC order in 179/AT/2026
2. CERC adopts tariffs for SJVN's 600 MW Wind-3 tender at Rs 3.64 to 3.65 per kWh
CERC · 14 October 2026 (Petition 234/AT/2026)
SJVN's Wind-3 tender (request for selection dated 16 September 2025) drew fifteen bids for 3,110 MW. After the e-reverse auction on 27 February 2026, letters of award were issued on 19 March 2026: Urdhvaga 120 MW, Adyant 110 MW and KPI Green Energy 300 MW at Rs 3.64/kWh, and Lambent Energy 70 MW at Rs 3.65/kWh. The tariffs run for 25 years, and a sample letter of award shows a declared annual capacity utilisation factor of 30.00% and a performance guarantee of Rs 33.30 lakh per MW.
SJVN compared Wind-3 with its Wind-1 (Rs 3.98 and 3.99 for 170 MW) and Wind-2 (Rs 3.74 and 3.81 for 312 MW), and with SECI's Tranche-XIX at Rs 3.67 to 3.69. UPPCL conveyed in-principle consent on 18 July 2026 to take the entire 600 MW at Rs 3.71 to 3.72/kWh including the Rs 0.07/kWh trading margin; the PSA was still being executed. CERC adopted the tariffs subject to SJVN tying up the capacity under PPAs and PSAs and placing copies on record. The trading margin is limited to Rs 0.02/kWh if SJVN does not provide escrow or a letter of credit. SJVN filed its petition six days later than allowed; CERC accepted the delay as bona fide but told SJVN to follow the timelines in future.
Why it matters for wind: Wind-3 clears below both of SJVN's earlier wind tenders and below SECI's Tranche-XIX, tightening the standalone wind benchmark. The 30% declared CUF and the Rs 33.30 lakh per MW performance guarantee show the level of resource commitment bidders are posting at these tariffs.
Source: CERC order in 234/AT/2026