SECI has completed the auction for 1.2 GW of renewable energy capacity, combined with energy storage systems, designed to deliver 4.8 GWh of assured peak power every day, equivalent to 1,200 MW for four hours. The lowest tariff discovered in the tender was INR 6.27/kWh.
Adyant Enersol, part of Datta Infra, has secured 100 MW at INR 6.27/kWh. Serentica Renewables won 600 MW and AMPIN Energy took 199 MW, both at INR 6.28/kWh, with the remaining capacity allocated to ACME Solar.
The projects will be developed on a build-own-operate basis, where SECI will sign 25-year power purchase agreements (PPA) with the successful bidders and act as an intermediary between developers and off-takers.
Under the tender terms, developers must build interstate transmission system-connected renewable energy projects integrated with energy storage systems, with generation and storage for each project taking place at the same location. Developers are responsible for land acquisition, installation, ownership, network connectivity and all regulatory approvals, with projects allowed to be located anywhere in India.
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