Monthly SECI Updates: Tender for 1200 MW Solar Projects, Tender For All-Time Renewable Energy and more

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SECI Issued Tender For An All-Time Renewable Energy Supply

India’s SECI (Solar Energy Corporation of India) has issued a tender for an all-Time Renewable Energy Supply for the first time. The renewable energy sector is evolving strongly in India and this opens up yet another opportunity for the solar companies to tap into the Indian market. The SECI is offering the project developers with a 400 MW capacity under this tender. The project developers can bid for a minimum capacity of 200 MW, however they can bid for a maximum capacity of 400 MW as well. For the time being, there is no specified tariff threshold for the projects. Under this tender, the developers can quote tariffs for the first year of operations. The tariff will be then increased up to 4% each year for a duration of 15 years after which the tariff will remain stable. Developers can choose a storage capacity of their choice. The buyers of the generated energy from these projects will be the federally administered regions of Dadra and Nagar Haveli and NDMC.

Hike Tariffs by 3% in Latest Wind Energy Tender

Solar Energy Corporation of India (SECI) recently issued key changes to the ninth national energy tender by increasing the maximum tariff to 2.8%. The tender was issued in September by SECI offering 1.8 gigawatts of capacity. During the eighth tender, SECI had managed to gain bids for only 550 megawatts. Later on only a capacity of 440 megawatts was allocated among two developers.

SECI tenders 400 MW of renewables with storage option

Solar Enegy Corporation of India is open for proposals for setting up an assest of 400 MW capacity of ISTS-connected renewable power projects anywhere in India. The projects can be augmented with appropriate storage systems of energy for round-the-clock power supply which will be set up on ‘build-own-operate’ basis. SECI will be a part of the 25 year power purchase agreement (PPA) with the bidder who are selected. The power obtained from this project is provisioned to be sold to the NDMC, New Delhi, Dadra and Nagar Haveli (200 MW) utility.

SECI’s ISTS-VI Tender for 1200 MW Solar Projects Fully Subscribed

The Solar Energy Corporation of India Corporation of India has received bids adding up to 1200 MW against its 1200 MW solar power projects tender (ISTS-VI). The tender was at first just given with Madhya Pradesh which eventually expanded to pan India, has been bought in completely after four bidders submitted bids evaluated to 1200 MW, i.e. size of the tender. According to the sources the four bidders which submited the bids for the tender are ReNew Power, Tata Power Solar, Avaada Energy and UPC Renewables, with each submitting bids for developing projects worth 300 MW. When the undertaking capacities with respect to the bidders are finalised following the opening of the financial bids and the e-reverse auction, the projects will be developed on a build own operate (BOO) basis. The bidders selected for this tender will enter under the Power Purchase Agreements (PPA) with SECI for a 25 years.

SECI Seeks Developers for 200 MW of ISTS-Connected Renewable Projects

The Solar Energy Corporation of India (SECI) has given a notice wherein they have invited proposals for the advancement of the renewable projects that would be associated with the inter-state transmission system. According to SECI, renewable energy projects of 200 MW will be developed which would supply power to New Delhi Municipal Corporation (NDMC) and Dadra and Nagar Haveli. In addition, these projects can be developed at anyplace in India and SECI is expected to procure power on a ‘round-the-clock’ basis. The projects will be developed on Build-Own-Operate (BOO) model. This project will be under power purchase agreementss (PPA) with the developers for 25 years.

SECI To Increase Solar Tender Capacity Upto 7 GW With 2 GW Of Manufacturing

Solar Energy Corporation of India has increased the solar tender from 6 GW to 7 GW. The tender has been amended to 7 GW of Interstate Transmission System (ISTS) connected solar photovoltaic (PV) projects with a solar manufacturing capacity of 2 GW. SECI has set the maximum tariff slab of Rs. 2.93/kWh compared to the previous slab of Rs.2.75 which is an increase of 6.5%. A SECI official confirmed that the tender is according to the MNRE order and the new date for submission of bid is October 31, 2019.

Inox Wind signs deal for SECI 50 MW wind power project with Adani Green Energy

Inox wind has closed a deal for sale of a 50 MW wind power project at DAYAPAR, Kutch. In this project Adani will be the strategic investor. This project is a part of the capacity won under SECI bids for wind power projects connected on the central grid. These 2 MW Wind Turbines have one of the highest swept areas that make it ideally suited to maximize returns in low wind areas. Inox Wind’s Kutch site would become one of the largest wind farms in India post execution of capacities won in different rounds of SECI & state auctions.

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