India's NTPC seeks bids for over 1 GW of solar-plus-storage in Cuba

Solar power plant in Cuba. Source: Abu Dhabi Fund for Development (ADFD)

July 27 (Renewables Now) - Indian state-run energy company NTPC Ltd (BOM:532555) has launched a request for qualification (RfQ) to select developers for a gigawatt-scale, multi-site solar-plus-storage project in the Republic of Cuba.

NTPC has been appointed as the project management consultant for the installation of 1,150 MW of solar power generating capacity at 175 locations across 15 provinces in Cuba along with 150 MW/150 MWh of battery energy storage systems (BESS) at three locations. These sites have been identified by the local government for the purpose of developing renewable energies in order to displace the large amounts of imported fossil fuels used for conventional power generation.

State-owned Union Electrica de Cuba (UNE) has already taken possession of the land for each individual project, both solar and BESS.

The Indian company plans to tender the solar capacity in three “buckets” of around 300 MW each. The interested parties will be competing to offer the lowest tariff for at least 50 MW of capacity from any or all three blocks.

“In view of the importance of this project, the Government of Cuba has extended Sovereign Guarantee for developers/sellers who would be developing at least 250 MW capacity out of the total 1,150 MW project. This Sovereign Guarantee shall cover payment realisation for sale of electricity throughout the life of the project,” the RfQ document says.

The deadline for bid submission is September 28, 2022.

Earlier this year, it was announced that NTPC was looking for bids for 900 MW of solar projects in Cuba.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\