The Solar Energy Corp. of India (SECI) has discovered a lowest tariff of INR 5.25 ($0.055)/kWh in its tender to procure 1 GW of firm and dispatchable renewable energy (FDRE) on a round-the-clock (RTC) basis from ISTS-connected renewable energy projects.
Kengeri Prime Solar (180 MW), Resolven Four Energy (150 MW), Hexa Climate Solutions (150 MW), Hero Solar Energy (120 MW), EMIF II Holding (100 MW), and Purvah Green Power (70 MW) quoted the lowest tariff of INR 5.25/kWh. SECI awarded the remaining capacity to Juniper Green at INR 5.26/kWh.
The tender requires developers to set up renewable energy projects backed by energy storage systems (ESS) on a build-own-operate basis and supply firm power under 25-year power purchase agreements (PPAs) with SECI. SECI will sell the procured power to buying entities across India.
The procurement is based on contracted power capacity (MW). Renewable power developers (RPDs) must supply electricity on a round-the-clock basis while maintaining a minimum demand fulfillment ratio (DFR) of 90% during peak hours and 80% during off-peak hours. The off-peak requirement may be relaxed to 70% for any two calendar months between July and September. The annual DFR must remain at 90%.
These requirements are intended to ensure that renewable energy projects mimic the operational profile of conventional thermal power plants by delivering firm, round-the-clock power with high availability.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Comments
Please login to comment
The new issue of pv magazine Global is out now!
Available in print and digital – get your copy today!
Entries open in seven categories: Modules, Inverters, BoS, BESS, Manufacturing, Sustainability, Projects.
April 01 – August 31, 2026
Tuesday, August 11, 2026
3:00 pm – 4:00 pm CEST, Berlin, Paris, Madrid
A two-day conference in Austin, Texas, bringing together leaders in US solar manufacturing, equipment specification, and factory execution.
Tuesday, August 18, 2026
7:00 pm – 8:00 pm CEST, Berlin, Paris, Madrid
Tuesday, August 25, 2026
10:00 am – 11:00 am CEST, Berlin, Paris, Madrid
Saudi Arabia is accelerating its clean energy transition—join the SunRise Arabia Clean Energy Conference 2026 in Riyadh to explore how solar PV and energy storage are powering its digital economy.
Thursday, August 27, 2026
5:30 am – 6:30 am CEST, Berlin, Paris, Madrid
pv magazine USA hosts its third multi-day virtual event on advancing U.S. solar and energy storage markets, covering financing, supply chains, and distributed energy’s role in grid resilience.
Thursday, October 7, 2026
11:00 am – 12:30 pm CEST, Berlin, Paris, Madrid
Showcase your brand across all our platforms: from 13 websites in 7 languages to our magazines, daily newsletters, industry events and more. Reach your audience the right way!
You have no items in your basket.
