Connect with us

Hi, what are you looking for?

Image Credit: Zachary Shahan/CleanTechnica

Energy Storage

India Allocates 1.2 Gigawatts In World’s Largest Renewable Energy Storage Tender

The Solar Energy Corporation of India (SECI) has successfully concluded world’s largest renewable energy-cum-storage tender. The agency allocated 1.2 gigawatts of renewable energy capacity among two of India’s leading developers.

The Solar Energy Corporation of India (SECI) has successfully concluded world’s largest renewable energy-cum-storage tender. The agency allocated 1.2 gigawatts of renewable energy capacity among two of India’s leading developers.

Image: Zach Shahan |

Greenko Energy Holdings and ReNew Power secured 900 megawatts and 300 megawatts of renewable energy capacity in a first-of-its-kind tender issued by SECI last year. As per the conditions of the tender developers are required to supply firm renewable energy throughout the day. Developers were required to bid separate tariffs for supplying power during peak and off-peak periods. Peak period constitutes 11 hours in a day.

Greenko Energy Holdings has secured rights to develop 900 megawatts of capacity with a peak period tariff of Rs 6.12/kWh (US¢8.55/kWh) and an off-peak period tariff of Rs 2.88/kWh (US¢4.02/kWh). ReNew Power secured a capacity of 300 megawatts with peak period tariff of Rs 6.85/kWh (US¢9.57/kWh) and off-peak period tariff of Rs 2.88/kWh (US¢4.02/kWh). To meet the firm supply of 1.2 gigawatts, developers would be required to have storage capacity of 3,000 megawatt-hours.

During the technical bidding round Greenko Energy had bid for 900 megawatts, ReNew Power for 600 megawatts, and HES Infrastructure for 120 megawatts. While ReNew Power halved its bid in the financial bidding round, HES Infrastructure did not participate at all.

While ReNew Power is not known to have worked on any large-scale energy storage projects, Greenko Energy Holdings perhaps the most experience in this field among all Indian developers. We had reported earlier that the company is working on two renewable energy-cum-storage projects in the states of Karnataka and Andhra Pradesh. In each of the projects the company will set up 2 gigawatts of solar and 2 gigawatts of wind energy capacity. While the project in Andhra Pradesh will have pumped hydro storage capacity of 8,000 MWh, the project in Karnataka will boast a pumped hydro storage capacity of 9,600 MWh.

Greenko Energy Holdings, which bought out SunEdison’s India assets, is backed by the likes of Singapore government-backed group GIC and the Abu Dhabi Investment Authority (ADIA). ReNew Power, one of India’s leading renewable energy companies, counts Goldman Sachs, ADIA, Canada Pension Plan Investment Board, and Global Environment Fund as its investors.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.


You May Also Like

Clean Power

One of India’s largest renewable energy companies, Tata Power Renewable Energy, has entered into a power purchase agreement for a solar-wind hybrid project.  The...

Clean Power

Indian solar module manufacturer Insolation Solar has secured funding from a World Bank-backed fund for expansion of its production line.  The funding was released...


We've already manufactured an awful lot of steel. There are hundreds of billions of tons of the stuff lying around, much of it obsolete.

Clean Transport

Lithium, lithium, lithium — as much as we cover the lithium market, there’s much more to cover. The lithium market is jumping. Below are...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.