SECI Invites Bids for 2 GW Wind-Solar Hybrid Projects
The Solar Energy Corp. of India Ltd (SECI) has initiated the bidding process for the establishment of 2 GW wind-solar hybrid power projects on a build-own-operate (BOO) basis in India.
October 26, 2023. By News Bureau
These projects are required to connect to the interstate transmission system and can be located anywhere in the country. SECI will enter into a 25-year power purchase agreement (PPA) with the successful bidders. The power procured by SECI will be sold to various buying entities in India.
The selected hybrid power developers will be responsible for creating ISTS-connected wind-solar hybrid power projects, along with the dedicated transmission network up to the interconnection/delivery points.
Their primary task is to supply wind-solar hybrid power to SECI. Each developer can bid for a cumulative contracted capacity ranging from 50 MW to 1 GW, with a total capacity allocation of 1 GW per bidder.
The invitation to bid also allows developers who have already commissioned wind-solar hybrid power plants or are in the process of constructing such facilities and possess untied capacity to participate.
In such cases, these developers will be granted the benefit of an extended PPA period, corresponding to the duration between the actual commencement of power supply and the scheduled commencement of supply date, as specified in the tender document.
This initiative underscores India's commitment to expanding its renewable energy capacity and harnessing the potential of wind-solar hybrid projects to meet the country's growing energy demands while promoting clean and sustainable energy practices.
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