SECI concludes world’s largest renewable-cum-storage based firm-supply tender at Rs 4.04/kWh
Solar Energy Corporation of India (SECI), a Government of India agency for promoting renewable and storage in India, concluded the reverse auction for the world’s largest renewable-cum-energy storage power purchase tender. The tender sought a contracted capacity of 1200 MW, with assured supply of 600 MW for 6 hours daily during peak demand hours (that is, 5.30-9.30 AM and 5.30 PM-12.30 midnight), on day-ahead on-demand basis. This will require storage capacity (pumped hydro and battery) of at least 3000 MWh, and appropriate renewable energy generation capacity.
The renewable power from these projects will be firm, predictable, and will meet the peak requirements of the DISCOMs, which otherwise have to depend on spot markets without price, supply or network assurance, and
