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India invites bids for 300 MW of solar projects with storage

India invites bids for 300 MW of solar projects with storage

By BizLED Bureau

July 26, 2016: As a part of a renewable trail agenda, India has called upon its first-ever bids for solar energy projects that feature a storage as a prerequisite with the objective of making solar a more dependable source of power across the nation. Solar Energy Corp. of India (SECI), the implementing bureau for green energy schemes, sought bids on 20th July, 2016, for 300 megawatts of solar power to be built in Karnataka and Andhra Pradesh, according to industry sources.

SECI has invited bids for four solar projects of 50 megawatt each in Karnataka with a battery energy storage structure of 5 megawatt/2.5 megawatt-hour attached. On the other hand, the agency is seeking bids for two for two projects of 50 megawatt each in Andhra Pradesh with the same storage provisions.

India invites bids for 300 MW of solar projects with storage

The cost of the solar projects will rise only slightly as the size of the storage component, which is being called for, is relatively small. A spokesperson from Indian ministry of new and renewable energy said that a Rs.500 crore solar project will become more expensive only by around Rs.10 crore, and the government’s push for clean energy is also very much present.

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The transaction of tender documents will start from 25th July, 2016 and the last date for submitting bids for the Karnataka solar projects is 9th September, 2016, and for Andhra Pradesh projects, it is 9th September, 2016.India has a clean energy capacity of 45 gigawatts at present, and the nation is targeting to reach 175 gigawatts by 2022.

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