India's SECI Tenders 1.2 GW Renewable Energy Projects With Storage
The Solar Energy Corporation of India (SECI) is currently tendering for 1.2 GW of renewable energy projects, coupled with energy storage systems. Selected developers will set up integrated projects with a mandatory energy storage component, charged solely from renewable sources. Each bidder must submit a single bid for a minimum of 50 MW and a maximum of 600 MW.
SECI will enter into 25-year power purchase agreements (PPAs) with successful bidders. Notably, all generation and storage components must be co-located for each individual project. The projects aim to supply a total of 4.8 GWh of electricity across four peak hours daily, with successful developers delivering 4 MWh of energy per megawatt of contracted capacity during these peak hours. The scope of work for developers includes land acquisition, installation, ownership, and obtaining necessary grid connectivity and regulatory approvals. As of now, the tender is open for bids, and the specific companies selected will be disclosed following the bidding process. The buying entities for the electricity will be identified at a later stage.
SECI's tender for 1.2 GW of renewable energy projects coupled with energy storage systems is a significant step towards India's renewable energy targets. The successful implementation of these projects, with their mandatory energy storage components, will enhance grid stability and ensure reliable power supply during peak hours.
