星期五, 九月 25, 2020
Home PV News Renew Power wins 400 MW round-the-clock renewable auction at Rs 2.90/kWh

Renew Power wins 400 MW round-the-clock renewable auction at Rs 2.90/kWh

The developer can choose to set up solar, wind or hybrid plant, along with appropriate energy storage system to ensure round-the-clock power supply.

Source:pv magazine

The Solar Energy Corporation of India has concluded the 400 MW round-the-clock renewable power supply auction. The procurement exercise was held for supply to New Delhi Municipal Council (200 MW) and Dadra & Nagar Haveli (200 MW) utility.

The procurement round was oversubscribed, with bids received for close to 950 MW capacity.

Renew Power secured the entire capacity of 400 MW by quoting the lowest first-year tariff of Rs 2.90/kWh.

As per the terms of tender, the tariff would escalate by 3% annually, up to the end of the 15th contract year of the power purchase agreement. It shall subsequently be fixed thereafter, for the remaining term of the PPA.

The developer can choose to set up a hybrid plant combining solar and wind components, or augment the project with appropriate energy storage system to ensure round-the-clock power supply.

The interstate transmission system  (ISTS) connected projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...