PROJECT | Staff Reporter, India

India approves a new 2.5 GW solar-wind hybrid auction

Selected projects will be under build-own-operate basis.

The Ministry of New and Renewable Energy (MNRE) of India has endorsed a new 2,500 MW hybrid wind-solar joint auction, whose aim is to optimise the use of transmission infrastructure and reduce the variability of renewable energy sources.

The selected projects will be implemented by the state-held Solar Energy Corporation of India (SECI) and will be delivered under the framework of a build-own-operate basis (BOO). Only bids between 200 MW and 500 MW will be considered while a minimum size of 50 MW has been set for individual projects. The successful bidding companies will sign 25-year power purchase agreements (PPAs) with SECI.

This article was originally published by Enerdata.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.