India:1.2 GW/1.2 GWh solar, storage tender wraps at average price of $0.041/kWh, another 100 MW/130 MWh solar, storage tender launched

Solar Energy Corp. of India (SECI) has concluded a major solar and storage tender in India, with Acme Solar Holdings, Hero Solar Energy, JSW Neo Energy, and Pace Digitek Infra emerging as winners. Meanwhile, Karnataka Renewable Energy Development Ltd (KREDL) has started accepting bids to set up a utility-scale PV plant coupled with a big battery.
Borrego Solar installation
Image: Greg M. Cooper, Borrego Solar

SECI has concluded its latest tender for 1.2 GW of solar with 600 MW/1.2 GWh of storage capacity at a final average price of INR 3.42/kWh ($0.041/kWh).

JSW Neo Energy secured the biggest amount of capacity, at 500 MW. Acme Solar Holdings secured 350 MW and Hero Solar Energy 250 MW. Pace Digitek Infra won 100 MW.

SECI launched a tender in March 2024 to set up 1.2 GW of PV projects with 600 MW/1,200 MWh of energy storage systems (ESS) on a build-own-operate basis. The projects can be located anywhere in India and must connect to the interstate transmission grid.

SECI will sign a 25-year power purchase agreement (PPA) with the successful bidders to buy solar power. It will then sell the procured power to various buying entities across India.

The solar power developer will install at least 0.5 MW/1 MWh of ESS capacity for each contracted 1 MW project under the PPA. The developer may own the ESS component or partner with a third party. The ESS can be co-located with the PV power generation or placed separately within a single project.

Meanwhile, KREDL has invited bids from developers to establish a ground-mounted grid-connected 100 MW AC solar PV plant alongside a 130 MWh battery energy storage system in the Kalaburgi district of Karnataka.

The developer will be selected through tariff-based competitive bidding process.

The project will supply power under the 25-year power purchase agreement (PPA) between the developer and Bangalore Electricity Supply Co. Ltd (BESCOM).

The developer’s scope of work includes design, engineering, procurement and supply of equipment and materials, installation, testing and commissioning of a total of 100 MW AC grid-interactive solar PV power plant along with battery energy storage system (excluding all variants of lead-acid batteries).

The battery storage capacity must be minimum 130 MWh to deliver maximum 50 MW power for two hours (on daily basis) or as per the requirement of BESCOM on daily basis for the entire PPA period.

From pv magazine India

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