The Solar Energy Corporation of India (SECI) has launched a significant initiative inviting proposals for renewable energy projects aimed at supplying 1.2 GW of power on a round-the-clock (RTC) basis. This initiative is part of India’s broader strategy to enhance its renewable energy capacity and ensure a stable power supply.
Key Details of the SECI Initiative
- Project Model: The selected developers will operate under a build-own-operate model, allowing them to manage the projects from inception through operation.
- Location: Projects can be established anywhere in India, provided they connect to the inter-state transmission system.
- Energy Sources: The power can be generated from various renewable sources, including:
- Solar
- Wind
- Wind-solar hybrid systems
- Other renewable energy resources, potentially combined with energy storage systems.
- Power Purchase Agreement (PPA): SECI will sign a 25-year PPA with successful bidders, ensuring a long-term commitment for power procurement. The electricity generated will be sold to various buying entities across India.
- Bidding Capacity: Developers can bid for a minimum cumulative capacity of 50 MW, with increments of 10 MW. The maximum capacity that can be awarded to a single bidder is 600 MW. Bidders who have existing or in-progress renewable energy projects may also participate, potentially benefiting from extended PPA terms based on their project timelines [1][2].
This initiative not only aims to bolster India’s renewable energy infrastructure but also supports the country’s commitment to sustainable energy practices.
Conclusion
The SECI‘s 1.2 GW RTC renewable energy project represents a significant step towards achieving India’s renewable energy goals, promoting the use of diverse energy sources while ensuring reliability and sustainability in power supply.
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