Solar Energy Corp. of India (SECI) has invited bids from developers to set up renewable energy projects on a build-own-operate (BOO) basis to supply 1 GW of power on a round-the-clock (RTC) basis. Energy storage systems (ESS) will be a mandatory component of the projects. These may be owned by the renewable energy developer or tied up separately with a third party for the supply of power.
The projects can be located anywhere in India, at locations chosen by the developer, and must be connected to the interstate transmission system (ISTS).
For a single project, the renewable energy generation components — solar, wind, wind-solar hybrid, any other renewable source, or a combination thereof — along with ESS may either be co-located or installed at different locations.
SECI will enter into a 25-year power purchase agreement (PPA) with the successful bidders. The power procured will be sold to various electricity buying entities across India.
Each bidder must submit a single bid offering a minimum cumulative contracted capacity of 100 MW and a maximum of 500 MW.
“Bidders who have already commissioned renewable energy 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 scheduled commencement of supply date,” as per the tender document.
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