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SECI invites bids for 1,260 MW of renewable and storage capacity across India

The Solar Energy Corporation of India (SECI) has launched a tender to develop 1,260 MW of renewable power from interstate transmission system (ISTS)-connected projects, including energy storage systems (ESS) across India. Bids can be submitted until 10 November 2023. Bidders can quote a minimum capacity of 50 MW and a maximum of 630 MW.

Selected bidders will enter a 25-year Power Purchase Agreement (PPA) with SECI and the scheduled beginning of power supply will be 2 years from the signing of the PPA. 1,250 MW of the power procured by SECI will be sold to BSES Rajdhani Power and BSES Yamuna Power. The remaining 10 MW will be sold to GIFT Power Company.

At the end of 2022, solar and wind accounted for 22% of installed capacity in India, with respectively 63 GW and 42 GW, while hydropower capacity surpassed 51 GW. India plans to increase its non-fossil fuel capacity to 500 GW and meet 50% of its energy requirements from renewables by 2030.