In additional boost to Prime Minister Narendra Modi’s ambitious renewable energy mission, another renewable energy storage tender has been floated by the government. The tender comes with a special section that may lead to reduced tariff bids and striking purchase rates for the buyers, Solar Energy Corporation of India (SECI) said.
A renewable energy capacity of 1.2 gigawatts (GW) along with energy storage has been presented in the tender by SECI, to assist the implementation of the National Solar Mission.
The development of energy storage sector is significant for India if it were to achieve its 2022 target of 175 GW. Since the first tender was released in 2015, several tenders have been issued in this regard by SECI and other government firms in the range of 120 megawatts (MW) to 160 megawatts (MW). The country has already installed 80 GW of renewable energy and ambitious policy, according to SECI.
The developers can set up wind or solar or hybrid projects of solar and wind energy, according to the conditions mentioned in the tender floated by SECI. A group of company can bid for a maximum capacity of 600 MW and the project size may remain between 50 MW to 300 MW, the document also said.
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