- Under an EOI launched, SECI has invited interested renewable energy generators in the country to cater to C&I segment on long term/short term/medium term basis
- Eligible technologies are wind, solar and hybrid wind-solar power that do not have any PPA obligations
- Power supply will be under open access system to help C&I entities meet their RPOs on immediate basis
- Basis response received to this EOI, SECI will launch tenders and arrive at purchase cost of the power
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The Indian government’s Solar Energy Corporation of India (SECI) is scouring interest among renewable energy generators of wind, solar, and hybrid wind-solar power to be supplied to commercial and industrial (C&I) consumers under the open access system with an expression of interest (EOI).
The open access system allows heavy energy users to purchase renewable energy on competitive rates, which brings down their costs and also their dependence on grid power while making use of existing infrastructure.
Since the capacity already awarded by SECI is tied up under long-term power purchase agreements (PPA) and not available for immediate supply, the agency wants to procure this power on short term/long term/medium term under the open access system. SECI says it will help C&I consumers meet their renewable purchase obligations (RPO) on an immediate basis.
Projects that will be commissioned within three to six months can be considered. Power generated by such projects will be injected at the nearest central transmission utility (CTU) substation.
The EOI will help SECI launch tenders and decide the purchase rates through open tenders. As the implementing agency of the project, SECI itself will enter PPAs with the winners whose duration may range between three months to 10 years.
Interested generators have time till January 31, 2020 to express interest, details of which can be viewed on SECI website.
“SECI has communicated to prospective industries & DISCOMs so as to aggregate the demands of various consumers and gauge the market potential for the purchase of green power from SECI to meet their power requirements at low cost and RPO compliance,” reads the EOI. “Consumers contacted so far include some of the most prominent purchasers of RECs in the last year, top 50 best performing stocks as reported by ET Wealth, Steel, Aluminium, Cement, Petrochemicals and leading information technology companies, apart from DISCOMs.”
A market with huge scope to scale up the country’s renewable energy capacity, open access registered only 2.89 GW capacity till March 2018, due to regulatory and bureaucratic troubles, according to a Bridge to India report that forecasts the scheme to cross 5 GW by 2022 (see India’s Open Access Solar Capacity Reaches 2.89 GW).