India rolls out 2GW tender for new projects

Facebook
Twitter
LinkedIn
Reddit
Email
SECI will form a PPA with the successful bidders for 25 years. Image: SECI

India’s Ministry of New & Renewable Energy has invited developers to bid for a total of 2GW of solar projects in the country via Solar Energy Corporation of India (SECI). 

According to a document published by SECI, a developer is required to submit a bid with a minimum capacity of 50MW by 10 May, while it can also bid for up to 2GW. However, its bid can only be in multiples of 10MW. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Enhancement of or adding extra capacity to already commissioned projects, irrespective of their capacities, will not be considered as eligible project under this scheme. When it comes to the project location, bidders could choose at their “own discretion of cost, risk and responsibility”. 

The successful bidders will form a power purchase agreement (PPA) with SECI for 25 years. SECI will sell the procured power to different entities in India. The commissioning date will start 18 months from the signing of the PPA. 

Additionally, projects that have been commissioned will not be considered in this tender, but projects under construction or projects which are not yet commissioned will be considered in case these projects have not been accepted under any other central or state schemes.

India has been developing its solar module manufacturing capabilities. With a recent wave of policies and renewable reforms, investments are set to be boosted in India with solar-wind hybrid projects and corporate power purchase agreements among key trends.

Driven by reduced battery storage costs and solar energy, hybrid projects are cost-competitive, and with the optimal combination of solar, wind and storage, they can deliver stable round-the-clock (RTC) power at comparable costs to standalone solar and wind tariffs.

Hybridising solar and wind projects would reduce the variability of both resources separately, along with optimising the use of its infrastructure. Therefore, the government has increased its push for hybrid projects with tenders for RTC and hybrid projects rather than separate ones for solar or wind.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA