Solar Energy Corporation of India (SECI) has opened the doors for proposals to develop renewable energy projects integrated with storage systems. These projects are slated to be interconnected with the interstate transmission grid (ISTS) and will collectively generate a formidable 1,260 MW of firm and dispatchable renewable power. SECI has mandated that these projects must be established under a build-own-operate (BOO) framework within India.
Under this initiative, SECI invites participation from individual developers who can bid for a contracted capacity ranging from 50 MW to 630 MW, in increments of 10 MW. This flexibility aims to encourage a diverse pool of contributors in the renewable energy landscape.
SECI is committed to ensuring the long-term sustainability and viability of these projects. To achieve this, they are poised to enter into 25-year power purchase agreements (PPAs) with the successful bidders. Notably, SECI has already earmarked 1,250 MW out of the total tendered capacity of 1,260 MW for sale to Delhi's distribution companies, BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Limited (BYPL). The remaining 10 MW has been allocated to GIFT Power Co. Ltd (GIFT PCL) in Gujarat.
Moreover, SECI has extended a warm invitation to developers who have already commissioned renewable energy or storage plants, or those in the process of constructing such facilities, with untapped capacity. In a commendable move, SECI is willing to recognize their contributions by offering a longer PPA duration. This extended period will be aligned with the duration between the actual commencement of power supply and the scheduled commencement of supply date.
This initiative by SECI not only promotes renewable energy but also encourages innovation and participation from various stakeholders in the quest for a greener and more sustainable energy future in India.
