India launches 1.2 GW renewables, storage tender

SECI has invited proposals for renewable energy projects to supply 1.2 GW power on “round-the-clock” (RTC) basis. The winning bidders will develop the projects on a build-own-operate model. The projects can be located anywhere in India and must connect to the inter-state transmission system.

The power can be supplied from solar, wind, wind-solar hybrid, or any other renewable energy source or a combination thereof, backed with energy storage system.

SECI will enter into a power purchase agreement (PPA) with the successful bidders for purchase of power for a period of 25 years. Power procured by SECI will be sold to the different buying entities of India.

“Bidders who have already commissioned RE projects/storage projects or are in the process of constructing such projects and have untied capacity may also participate under this RfS. In such case, they will be given the benefit of a longer period of PPA, commensurate to the duration between the actual date of commencement of supply of power and the scheduled commencement of supply date,” as per the tender document.

A developer can bid for a minimum cumulative contracted capacity of 50 MW and thereafter in multiples of 10. The maximum capacity to be allotted to a single bidder is 600 MW.

From pv magazine India