State-owned Photo voltaic Power Company of India (SECI) has launched its third tender, with the newest one looking for 2,250MW of “round the clock” (RTC) renewables vitality provide.
Renewable services which are already operational are excluded and solely new renewable initiatives, both below development or in commissioning section, will be capable to apply.
Builders in a position to provide dispatchable vitality from renewables complemented with “energy from every other supply or storage” shall be eligible to enter in a aggressive course of, with successful initiatives coming into a 25-year energy buy settlement (PPA) with SECI.
In a earlier tender, SECI sought 5GW of RTC energy from renewable sources complemented with vitality from coal-fired energy vegetation.
Earlier this yr Japanese funding agency partnered with ReNew in a 400MW RTC venture to produce electrical energy to SECI with business operations set to start out in Q3 2023.
Demand for RTC initiatives have elevated up to now months in India, with state-owned energy producer NTPC looking for an Expressions of Curiosity (EOI) to acquire RTC renewable initiatives backed with vitality storage earlier this month.