Solar Energy Corp. of India (SECI) has signed a 25-year power purchase agreement with hybrid power developers.
SECI has awarded 1.2 GW of hybrid wind-solar projects combined with energy storage for guaranteed peak output at tariffs of INR 4.64 ($0.057)/kWh.
AMP Energy Green offered 100 MW and secured the capacity at INR 4.64. ReNew Vikram Shakti secured bid capacity of 600 MW at INR 4.69. Hero Solar Energy won 120 MW at INR 4.72 and ACME Cleantech Solutions won 380 MW at INR 4.73.
The projects will be installed on a build-own-operate basis across India and will be connected to the interstate transmission grid. SECI signs a 25-year power purchase agreement with hybrid power developers.
“Identification of ownership of land, installation and project and obtaining necessary associated approvals and interconnection with ISTS grid to supply electricity to SECI will be left to the hybrid power developer,” SECI said in the bid document. .