Markets & Policy

India’s SECI awards 2 GW of solar, 1 GW/4 GWh of storage

Solar Energy Corp. of India (SECI) allocated 2 GW of solar and storage projects at an average tariff of INR 3.52 ($0.04)/kWh. Reliance Power secured the largest share with 930 MW, while NTPC Green Energy won 500 MW.
Uma Gupta
By
Uma Gupta
Image: SECI

From pv magazine India

SECI has awarded 2 GW of solar projects with 1 GW/4 GWh of storage at an average tariff of INR 3.52/kWh.

NTPC Green Energy secured 500 MW and Hero Solar 270 MW by quoting INR 3.52/kWh. Sembcorp and Solarcraft (a Blupine Energy SPV) each won 150 MW at the same price. Reliance Power was allocated 930 MW at INR 3.53/kWh, less than its bid for 1 GW.

Developers will build, own, and operate the projects, which can connect to the interstate transmission system from any location in India.

SECI plans to sign 25-year power purchase agreements (PPAs) with the winners. Power from these projects will be sold to India’s various buying entities.

The tender requires energy storage systems (ESS) of at least 0.5 MW/2 MWh capacity for each 1 MW solar project. ESS must use solar power for charging and can be owned by developers or secured through third parties. Developers can change ESS technology during the PPA term.

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