SECI Invites Bids for 1.2 GW of ISTS Connected Wind Solar Hybrid Projects

The Solar Energy Corporation of India has issued a tender to develop 1,200 MW of interstate transmission system-connected wind-solar hybrid power projects in India under tranche VIII. The project is expected to be commissioned within 24 months of the PPA (Power Purchase Agreement) signing date. The last date for submission of bids is March 29, 2024. 

Key Tender Details:

• Total Capacity: 1.2 GW
• Cost of Bidding Documents: USD 355
• Bid Processing Fee (50–99 MW): USD 6028
• Bid Processing Fee (100 MW+): USD 18,082
• Earnest Money Deposit: USD 11,827 x Cumulative Installed Solar Capacity +  USD 15,189 x Cumulative Installed Wind Capacity
• Last Date of Bid Submission: 29/3/2024

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The minimum capacity of each project should be 50 MW, and the maximum capacity is limited to 600 MW. Bidding is open to all interested developers, both domestic and international, creating a competitive landscape and potentially lowering costs through efficient project execution.

This move aligns with India's growing focus on renewable energy. The country aims to achieve 500 GW of installed renewable energy capacity by 2030, with wind power playing a crucial role. By 2025, India aims to reach 175 GW of wind power capacity, and this tender directly contributes to that target. To find out the latest renewable energy tenders, refer to our Indian renewable energy database.

About SECI

The Solar Energy Corporation of India (SECI) plays a crucial role in India's ambitious renewable energy journey. Established in 2011 under the Ministry of New and Renewable Energy (MNRE), SECI has evolved from a solar-focused entity to a comprehensive Renewable Energy Corporation of India (RECI), aiming to drive the development of all renewable energy sources. 

Since its inception, SECI has facilitated the development of over 51 GW of renewable energy capacity, including solar, wind, and hybrid projects. To stay updated with the latest upcoming and ongoing projects of SECI, subscribe to our renewable energy database.

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