India invites 2.5 GW bids for ISTS-connected wind-solar hybrid projects

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The Solar Energy Commission of India (SECI) has invited proposals for the establishment of Inter-State Transmission System (ISTS)-connected wind-solar hybrid projects across India, on a build-own-operate basis for an aggregate capacity of 2,500 MW.

It will enter into power purchase agreements (PPAs) with successful bidders, and power sale agreements with the interested buying entities. The duration of these agreements shall be 25 years from the commercial operation date of the projects. The maximum tariff payable to each hybrid project developer (HPD) is fixed at Rs 2.93/kWh for the entire term of 25 years. Project selection will be technology agnostic.

Read the full article on pv magazine India.