May 28 (Renewables Now) - The Indian government has announced that approval has been granted to a 2.5-GW auction for wind and solar hybrid projects.
The news follows the issuance by India's renewable energy ministry earlier in May of policy that aims to promote the development of large hybrid power plants, combining wind turbines and solar photovoltaic (PV) panels. The objective is to optimise the use of transmission infrastructure and land and to reduce renewable power variability.
The approved scheme is for the development of inter-state transmission system (ISTS)-connected hybrid projects and will be implemented by the Solar Energy Corporation of India (SECI). The projects are to be executed on build own operate (BOO) basis and winners will be selected via an e-bidding process followed by an e-reverse auction. Successful bidders will sign 25-year power purchase agreements (PPAs) with SECI.
Bidders should bid for at least 200 MW and up to 500 MW, with the minimum size of individual projects put at 50 MW. Developers will also be able to install energy storage to better manage generation by their hybrid projects.
SECI will issue a request for selection (RfS) document within 15 days from the announcement, which is dated May 25.