SECI invites bids for 2,000 MWh of energy storage systems

The Solar Energy Corporation of India (SECI) published a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The establishment of the projects would be on a build-own-operate (BOO) basis. SECI would join an agreement with the bidder selected based on the request for selection (RfS) for 25 years, according to the conditions, provisions, and terms of the RfS. It is the largest tender issued for energy storage in India. Most of the other storage tenders were in cooperation with renewable energy sources, while this one is for a standalone energy storage system. According to the media sources, in December 2020, SECI issued 373 MW of solar tenders for projects among BESS. SECI also floated a tender for a 20 MW solar project and a 50 MWh battery energy storage system. The project would be established in Phyang, in Leh district of the union territory (UT) of Ladakh. Previously, it was reported that SECI wrote amendments to the tender report for 100 MW (AC) solar power projects, including a 50 MW/150 MWh battery storage system. The development of the project would be in Rajnandgaon, Chhattisgarh. The annual capacity utilisation factor (CUF) guarantee has been eliminated, according to the amendments released by SECI. Earlier in the last version, it mentioned that if the contractor fails to accomplish the yearly CUF (36.5%) at the tenth year-end, then the contractor was liable to pay a compensation price equal to the net current value of the revenue loss for 10th to 25th year. If the CUF was less than the insured CUF, the contractor had to repay as liquidated losses, equal to the remuneration of the same energy. Image Source Also read: SECI invites bids for O&M of 1 MW rooftop solar projects Also read: SECI invites bids for 100 MW solar plant in Chhattisgarh