World’s Largest Renewable Energy Storage Tender Concluded Successfully In India

In Clean Fund, Clean News, News, Renewable Energy, Solar, Technology
storage

The Solar Energy Corporation of India (SECI) has successfully concluded world’s largest renewable energy-cum-storage tender. The agency allocated 1.2 gigawatts of renewable energy capacity among two of India’s leading developers.

Greenko Energy Holdings and ReNew Power secured 900 megawatts and 300 megawatts of capacity in a first-of-its-kind renewable energy-cum-storage tender issued by SECI last year.

As per the conditions of the tender developers are required to supply firm renewable energy throughout the day and have to bid separate tariffs for supplying power during peak and off-peak periods. Peak period constitutes 11 hours in a day.

Greenko Energy Holdings has secured rights to develop 900 megawatts of capacity with a peak period tariff of Rs 6.12/kWh and an off-peak period tariff of Rs 2.88/kWh.

ReNew Power secured a capacity of 300 megawatts with peak period tariff of Rs 6.85/kWh and off-peak period tariff of Rs 2.88/kWh.

To meet the firm supply of 1.2 gigawatts, developers would be required to have storage capacity of 3,000 megawatt-hours.

While ReNew Power is not known to have worked on any large-scale energy storage projects, Greenko Energy Holdings perhaps the most experience in this field among all Indian developers as they are working on two renewable energy-cum-storage projects in the states of Karnataka and Andhra Pradesh.

Reference- Economic Times, SECI PR, Clen Technica, livemint, Mercom India

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