- The Solar Energy Corporation of India (SECI) has issued an expression of interest (EOI) to develop 10 GW of floating solar power project capacity
- The EOI will help SECI determine feasibility of such projects and also to identify prospective developers in the market
- It will also identify water bodies and reservoirs where this capacity can come up, in collaboration with various state owned agencies/autonomous bodies
- Post this EOI, SECI plans to float tenders to invite interested developers to bid for these projects
- Last date to submit applications to SECI is January 5, 2018
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The Solar Energy Corporation of India (SECI) has issued an expression of interest (EOI) to develop 10 GW of floating solar PV projects in India. The capacity is scheduled to be installed in a phased manner over the next 3 years. SECI will select Floating Solar PV Plant Developers (FSPDs) through a tender on the basis of inputs received through the EOI.
The winners will have to develop the projects on build, own and operate basis. The developers will be given an assured off-take of solar power generated from the projects through long term power purchase agreement (PPA).
Through floating PV projects, the government wants to bypass any land constraints and explore one more alternative for promoting solar power.
The capacity will be developed in different sized projects across the country. SECI wants to collect information about feasibility of such projects and prospective developers in the market.
In close coordination with various state owned agencies and autonomous bodies, SECI will identify water bodies and reservoirs where these floating PV projects can come up. Once this data is in, it will invite interested developers to bid for these projects.
Selected companies will need to design, construct and erect the projects, connect them with the identified substations and commission them within a stipulated time period.
SECI will sign PPAs with the developers for the power generated from these projects at the tariff determined in the tender. The power will be offered to different buying utilities under power sale agreements (PSA) on a long term basis.
Applications need to be submitted with SECI by January 5, 2018. More details about the EOI are available on SECI’s website.
SECI has also launched an EOI to look for prospective manufacturers to set up 20 GW of domestic solar manufacturing capacity in a phased manner (see SECI Seeks EOI For 20 GW PV Manufacturing Scheme).
Both these EOI’s were promised by MNRE head Raj Kumar Singh in November 2017 as part of a roadmap for future tenders (see India 20 GW Tender Roll Out Start In December).