Insta
Solar Energy Corporation Of India Initiates Project To Set Up 2000 MWh Standalone Energy Storage System
Swarajya Staff
Jul 25, 2021, 02:12 PM | Updated 04:23 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
State-owned Solar Energy Corporation of India (SECI) is considering setting up a 2000 MWh standalone energy storage system that will be carried out by the private sector. The corporation added that the projects be set up on a build-own-operate (BOO) basis with a 25-year agreement.
“SECI has initiated a project for 2,000 MWh standalone energy system. The detailed tender will be floated by August end,” sources close to the developments told the Economic Times.
They added that the SECI will issue a notice for request for selection and further affirmed the plans to round up an agreement for 25 years with the successful bidders according to the terms, conditions and provisions.
Notably, India has embarked upon its ambitious renewable energy targets of 175 GW, 275 GW and 450 GW by 2022, 2027 and 2030 respectively.
These objectives are primarily concerned around solar and wind sources though the capacity value of variable renewable energy sources remains restricted in the absence of grid scale energy storage.
On similar lines, along with the aforementioned plans of SECI, even the NTPC Ltd has called for expressions of interests from both domestic and international companies for the purpose of 1,000 MWh of grid-connected battery energy storage system (BESS) to be set up on the premises of its power projects across the country.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.