ReNew, ACME, Hero Future & Amp Energy to Develop 1,200 MW Hybrid Power
ReNew Power, ACME, Hero Future Energies and Amp Energy have won Solar Energy Corporation of India’s (SECI) auction to develop 1,200 MW of hybrid power capacity across India.
ISTS-Connected Solar-Wind Hybrid Projects to be Set Up in India
SECI invited bids for the development of 1,200 MW Wind-Solar Hybrid Power (Tranche-VI) on 2nd November 2022. Hybrid power projects to be set up by the successful bidders will be connected to the Inter-State Transmission System (ISTS) via lines of 220 KV or above.
Further, the minimum power generation capacity of any project to be set up has been specified as 50 MW. SECI has clarified that a power project will be considered ‘Hybrid’ if either of the solar or wind components make up at least 33% of the contracted capacity of the project.
As per SECI’s Request for Selection (RfS) document for this auction, winners were selected through Tariff-Based Competitive Bidding (TBCB).
ReNew Power to Develop Majority of SECI’s Floated Hybrid Power Capacity
Out of the total capacity to be developed, ReNew Power has won the largest share, that is 600 MW. The company had quoted a tariff of Rs. 4.69 per unit for the power from its to-be-developed hybrid power facilities.
Gurugram-headquartered ACME Group has won the bid to develop 380 MW hybrid power capacity with a quoted tariff of Rs. 4.73 per KWh.
Hero Future Energies, a subsidiary of two-wheeler manufacturer Hero Motocorp, has won 120 MW capacity out of the total at the SECI auction. The company had quoted a tariff of Rs. 4.72 per unit of hybrid power.
Further, Amp Energy has won the balance 100 MW hybrid power capacity with a quoted tariff of Rs. 4.64 pew KWh.
Hybrid Energy Projects to Have Compulsory Energy Storage Facility
As per SECI’s RfS, each 100 MW hybrid energy capacity to be developed in this tranche must be equipped with a 100 MWh Energy Storage System (ESS).
The bidder is free to choose the location of its hybrid project(s) in India at its own risk and cost, provided that the ESS is co-located with it.
About SECI: Solar Energy Corporation of India is a company under Government of India’s Ministry of New and Renewable Energy (MNRE), which was established in 2011. SECI was accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE) on 10th April 2023. The company has awarded Renewable Energy (RE) capacity of about 56 GW to date.