Solar Energy Corp. of India (SECI) has invited bids from developers to set up 2 GW of renewable energy projects backed with energy storage systems for assured peak supply of 8 GWh (2 GW x 4 hours). The projects are to be developed on a build-own-operate (BOO) basis. These can be located anywhere in India and must connect to the interstate transmission system (ISTS).
Selection of RE power projects for a total contracted capacity of 2 GW will be carried out through e-bidding followed by e-reverse auction process. A single developer can bid for a capacity from 50 MW to a maximum of 1,000 MW.
SECI will enter into a power purchase agreement (PPA) with the successful bidders 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.
“Bidders who have already commissioned renewable energy (RE) 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,” states the tender document.
The selected RE power developer will set up ISTS-connected RE power projects with energy storage system (ESS), including the transmission network up to the interconnection/delivery point, with the primary objective of supplying RE power to SECI. The ESS may be owned by the RE power developer or may be tied-up separately with a third party by the developer, for supply of power. The ESS technology can be changed by the developer at any time during the term of the PPA.
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