In the previous two rounds of India's hybrid wind & solar power tenders launched by SECI with ISTS connectivity, INR 2.70 per kWh was the ceiling tariff. It has been now increased to INR 2.88 per kWh for tranche-III. (Photo Credit: SECI)
- SECI has launched the third instalment of wind and solar hybrid power tender to be developed anywhere in India and connected to ISTS offering 1.2 GW
- Maximum tariff accepted under this tender is INR 2.88 per kWh for a period of 25 years
- SECI will sign PPA with winners and sell the power procured further to buying entities to help them achieve their RPOs
- Minimum bid capacity is 50 MW at a project site, comprising one solar and one wind power project, and maximum capacity is entire 1.2 GW
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The Solar Energy Corporation of India (SECI) has issued a request for selection (RFS) round for interstate transmission system (ISTS) connected wind and solar hybrid power projects under tranche-III with 1.2 GW capacity. Bids for this tranche have been capped at INR 2.88 ($0.041) per kWh for the entire duration of the power purchase agreement (PPA) which would be 25 years and signed with SECI.
Winning projects need to be set up on a build-own-operate (BOO) basis. As the name suggests, a hybrid power project comprises one solar and one wind project; here, the rated installed capacity of either of these technologies must be more than 25% of the rated installed capacity of the other component.
Power produced from this capacity will be sold to other buying entities and bulk consumers who need to fulfil their solar and non-solar renewable purchase obligations (RPO) at a pooled price of the total capacity allotted.
Interested hybrid project developers (HPD) can bid for a minimum of 50 MW for each project site and can also bid for the entire 1.2 GW on offer.
Bids for this tender will be accepted till February 25, 2020 while a pre-bid meeting has been scheduled for January 28, 2020. Details can be viewed online on SECI’s website.
Launched as part of the Ministry of New and Renewable Energy’s (MNRE) Wind-Solar Hybrid Policy with storage, the tender will enable non-windy states and union territories (UT) to fulfill their non-solar RPO and help the country achieve its 175 GW renewable energy goal by 2022, according to the tender documents.
Under tranche-I of SECI’s solar wind hybrid tender, it attracted INR 2.67 per kWh as the lowest tariff. For its tranche-II hybrid tender, SECI secured INR 2.69 per kWh. The ceiling tariff for both the tenders was INR 2.70 per kWh.
Winners for rooftop solar auction announced
Meanwhile, SECI has announced auction results for the 97.5 MW grid connected rooftop solar power tender it launched in February 2019, and reissued in August last year, to be deployed atop government buildings across various states and UTs under CAPEX/RESCO model.
The entire capacity has been divided under four zones comprising CAPEX and RESCO winners. SECI has published the complete list of winners with the capacity allocated and winning bids.