Image: Greg M. Cooper, Bego Solar
SECI has launched a tender for the development of 1.2 GW of ISTS-connected solar projects, integrated with 600 MW/3,600 MWh of energy storage systems, on boobasis.
SECI signs 25-year-old Power Purchase Agreements (PPAs) with the successful bidders for the purchase of solar energy of these projects. The electricity will then be sold to different bargain tents throughout India, where SECI acts as an intermediary Nodal Agency that facilitates back-to-back transactions between solar developers and buyers.
A developer must offer a minimum cumulative capacity of 50 MW and a maximum of 600 MW. The solar developer must install the storage capacity of at least 0.5 MW/ 3 MWh for every 1 MW project capacity that is contracted under the PPA. The storage component can be the property of the solar developer or separately fixed with a third party.
“The projects will be located at the locations chosen by the developer, according to their own discretion, risk and responsibility. A single project can be set up at multiple locations with different delivery points,” SECI said in the procurement document. “The ESS component must be lured together during the project, but in the case of a project at several locations, the ESS must be collaborated with at least one of the components.”
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