Solar Energy Corp. of India (SECI) has invited bids to set up interstate transmission system (ISTS)-connected renewable energy projects anywhere in India to supply 1 GW firm and dispatchable RE power in a demand-following manner. The projects are to be developed on a build-own-operate (BOO) basis and should mandatorily include an energy storage system (ESS) component. ESS charged using a source other than RE power would not qualify as RE power.
SECI will sign a 25-year power purchase agreement (PPA) with the successful bidders. Power procured by SECI from these projects has been provisioned to be sold to Punjab State Power Corp. Ltd (PSPCL), Punjab.
A single developer can bid for a cumulative contracted capacity of 50 MW to 500 MW in multiples of 10 MW. The projects can be located anywhere in India. For a single project, the RE generation components, along with ESS, may either be co-located or located at different locations.
ESS may be owned by the renewable power developer or may be tied up separately with a third party by the renewable energy developer, for supply of power. The ESS technology can be changed by the developer at any time during the term of the PPA.
“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 power supply and the scheduled commencement of supply date (SCSD),” as per the tender document.
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As India is going to become the largest country sooner. They need more of these initiatives to fulfill the energy requirements without using the fossil fuel.