SECI has issued a first-of-its-kind tender for procuring 500 MW ‘firm and dispatchable’ renewable power. The tender specifies a fixed hourly demand profile across the year, unchanged during the 25-year PPA term (see figure). Project developers must meet at least 90% of total hourly demand on a monthly basis. Penalty for any further shortfall is stipulated at 1.5x PPA tariff…
SECI seeking new frontiers with a ‘firm’ renewable power tender
17 July 2023 | BRIDGE TO INDIA
India’s total utility scale solar and wind capacity reached 101,763 MW by 30 June 2023. New capacity addition in the last 12 months was 10,099 MW, down by 26% y-o-y. Total project pipeline stands at 74,315 MW. Figure: Total utility scale solar and wind capacity as on 30 June 2023 Source: BRIDGE TO INDIA research This info-graphic report provides a complete overview of the...
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Many project developers are increasingly keen to participate in the merchant power market because of attractive prices on the exchanges and intense competition for PPAs. New project structures like RTC and VPPAs are also leading to a rise in project capacities with untied power output.
This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, pricing trends across the value chain, key international developments and short-term market outlook.