Wind farm in India. Author: Suzlon Group. License: All Rights Reserved.
The Solar Energy Corporation of India (SECI) is seeking proposals for the development of 2 GW of inter-state transmission system (ISTS)-connected wind projects under a new tender round.
This is SECI’s fifth auction of ISTS-connected capacity and comes after two tenders of 1 GW each and two 2-GW auctions. Bids under the Tranche-V auction will be accepted by July 10, according to the Request for Selection (RfS) document published by SECI on Tuesday.
Projects will be developed on a build own operate (BOO) basis, while each participant in the competitive selection will be able to bid for between 50 MW and 300 MW. Winners will be awarded 25-year power purchase agreements (PPAs) with SECI and will be responsible for installing the respective wind capacity and setting up the transmission network up to the delivery point. Developers will also take care of obtaining all permits for the development and connectivity of their projects.
Projects should be commissioned within 18 months after the PPA signing date.
SECI's previous auction, tranche IV, for 2 GW of ISTS-connected wind projects was concluded last month, with the lowest winning bid standing at INR 2.51 (USD 0.037/EUR 0.032) per kWh.
The Indian government has set a target of 60 GW of wind power by 2022. Currently, the country has almost 32.5 GW installed, according to SECI.
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.