Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV projects with 600 MW/1,200 MWh energy storage systems (ESS) on a build-own-operate basis in India. The projects can be located anywhere in India and must connect to the interstate transmission grid.
SECI will enter into a power purchase agreement (PPA) with the successful bidders for purchase of solar power for a period of 25 years. Power procured by SECI from these projects has been provisioned to be sold to the different buying entities of India.
A single developer must bid for a minimum contracted capacity of 50 MW and a maximum of 600 MW. The projects shall be quoted in multiples of 10 MW only.
The solar power developer will install ESS capacity of at least 0.5 MW/1 MWh for each 1 MW project capacity contracted under the PPA. The ESS component may either be owned by the solar power developer or tied-up separately with a third-party. The ESS component may be co-located with the PV Power generating components or located separately, under a single project.
The project completion period is 24 months.
“Bidders who have already commissioned solar PV 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 scheduled commencement of supply date,” reads the tender document.
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