SECI set to install standalone energy storage project worth 2,000 MWh
The Solar Energy Corporation of India (SECI) has announced that it is planning a 2,000 MWh standalone energy storage system which will be implemented by the private sector. The state-owned solar energy-focused corporation said the projects will be set up on a build-own-operate (BOO) basis with a 25-year agreement.
"SECI has initiated a project for a 2,000 MWh standalone energy system. The comprehensive tender will be floated by August end. SECI has issued a notice for a request for selection. SECI will enter into an agreement with the successful bidders for 25 years as per the terms, conditions, and provisions," sources told.
India has announced ambitious renewable energy targets (primarily for solar and wind sources) 175 GW by 2022, 275 GW by 2027, and 450 GW by 2030. However, the capacity value of these variable renewable energy sources is limited without grid-scale energy storage.