In a significant development in India’s renewable energy sector, the Solar Energy Corporation of India (SECI) has declared its intent to procure a substantial amount of renewable power. SECI is set to acquire 2000 MW of hybrid (wind-solar) power and an additional 1000 MW of solar power through competitive bidding.
The projects, with a cumulative capacity of 3000 MW, will be established on a “Build Own Operate” (B-O-O) basis. Under this arrangement, SECI will enter into Power Purchase Agreements (PPAs) with the successful bidders for a period of 25 years, in accordance with the terms and conditions outlined in the Request for Selection (RfS) documents.
For the 2000 MW hybrid (solar-wind) capacity, known as SECI-Tranche-VII, the RfS document is set to be released shortly on SECI’s official website. Similarly, the RfS document for the 1000 MW solar capacity, designated as SECI-ISTS-XII, will also be made available on the SECI website in the near future.
This ambitious initiative by SECI not only reflects India’s commitment to expanding its renewable energy capacity but also offers a significant opportunity for renewable energy developers to participate in these projects and contribute to the nation’s sustainable energy goals. The move aligns with India’s broader vision of achieving a greener and more sustainable future by harnessing the potential of renewable energy sources.