Greenko, ReNew win 1.2-GW renewables tender for peak power supply - report

Collocated solar and wind parks. Photo Credit: Istock

February 3 (Renewables Now) - India’s Greenko Energy Holdings and ReNew Power are the two winners in a hybrid tender for 1.2 GW of wind-solar projects with battery storage, Mercom Capital reports.

The tender was held by the Solar Energy Corporation of India (SECI) in August 2019 targeting projects connected with the interstate transmission system (ISTS) and with a guaranteed peak power supply. Greenko grabbed 900 MW of the overall capacity with a bid at a peak power tariff rate of INR 6.12 (USD 0.0855/EUR 0.0773) per kWh, while ReNew Power’s bid of INR 6.85/kWh provided it with 300 MW.

According to the tender requirements, the renewables component of the projects can be either solar photovoltaic (PV), wind or a combination of both. Winning projects are set to receive two-part tariffs - INR 2.70/kWh for power produced during the off-peak hours and another one, discovered through the e-reverse auction, for generation during peak hours. 

The new renewables capacity will help meet the peak requirements of several power distribution companies (discoms) in northern India.

(INR 10 = USD 0.140/EUR 0.126)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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