India Launches 1.6 GW Hybrid Wind-Solar Tender to Boost Renewable Energy

New Delhi, (Natural Energy News): India has announced the launch of a major renewable energy initiative, inviting bids for the development of 1.6 GW of hybrid wind-solar projects. This initiative is part of the country's ongoing efforts to expand its renewable energy capacity and transition to sustainable power sources.

India Launches 1.6 GW Hybrid Wind-Solar Tender to Boost Renewable Energy, Natural Energy News

Key Highlights:

  • NTPC Tender:

    • Capacity: NTPC is accepting bids for 1.2 GW of wind-solar hybrid projects.
    • Bid Details: Developers can bid for a minimum project size of 50 MW, with increments of 10 MW, up to a maximum of 600 MW per bidder. Projects must connect to the interstate transmission grid.
    • Flexibility: The solar and wind components can be at the same or different locations, with at least 33% of the total capacity from one resource.
    • Eligibility: Projects already under construction or commissioned without long-term PPAs can participate, provided they are not part of any state or central schemes.
    • Additional Opportunity: NTPC Vidyut Vyapar Nigam Ltd. is accepting bids for a separate 100 MW hybrid project (50 MW solar + 50 MW wind) with a 15-year PPA with Pragati Power Corp. Ltd.
  • SECI Tender:

    • Capacity: SECI is inviting bids for 400 MW of wind-solar hybrid projects.
    • Bid Details: Projects must connect to the interstate transmission system and will be developed on a build-own-operate basis.
    • Eligibility: Developers with commissioned or under-construction hybrid projects with untied capacity can participate. SECI will sign a 25-year PPA with successful bidders.

Significance: This initiative aims to enhance India’s renewable energy capacity, supporting the country's commitment to clean energy and reducing its dependency on fossil fuels. The focus on hybrid projects combining wind and solar power will improve energy efficiency and grid stability, leveraging the complementary nature of these resources.

Industry Impact: The tenders provide a significant opportunity for developers and investors in the renewable energy sector, fostering innovation and development in hybrid energy solutions. The long-term PPAs offer financial security and encourage investment in sustainable infrastructure.

Bidding Deadlines:

  • NTPC Bids: Close on July 18, 2024.
  • SECI Bids: Deadline details to be confirmed.

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