The Solar Energy Corporation of India (SECI) has solicited bids to select renewable energy developers for the delivery of 500 MW of power from interstate transmission system (ISTS)-connected renewable energy projects with storage facilities across India. Under the provisions of the power purchase agreement, the renewable energy developer will be required to construct ISTS-connected renewable energy power projects, including the dedicated transmission network up to the interconnection/delivery points.
The project will include energy storage systems. according to the tender guidelines, the bidders must deposit a bid processing fee of Rs 1.5 million with a 18 per cent GST. The bid submission deadline is August 31, 2023.
In June 2023, SECI revealed a list of engineering, procurement, and construction contractors for 50 MW of grid-connected rooftop solar systems across government buildings in several states. The projects will be implemented under the renewable energy service company model.
In May 2023, SECI awarded 1.2 GW of hybrid wind-solar projects with energy storage for guaranteed peak power supply. As per the notification, AMP Energy Green won capacity for 100 MW at tariff of Rs 4.64 per kWh. On the other hand, ReNew Vikram Shakti was awarded a bid capacity of 600 MW for Rs 4.69 per kWh. Hero Solar Energy received 120 MW for Rs 4.72 per kWh and ACME Cleantech Solutions received 380 MW for Rs 4.73 per kWh.