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NHPC Ltd. has issued a tender for 1,200 MW of grid-connected solar projects with 600 MW/2.4 GWh of energy storage systems (ESS) across India. The tender allows developers to add up to 1,200 MW of additional capacity with ESS under a greenshoe option. The selected developers will be responsible for securing land, construction, ownership, and operation of the projects.
The tender requires a minimum of 0.5 MW/2 MWh of storage for every 1 MW of contracted capacity. Developers can own the ESS or procure it separately from a third party for power supply. NHPC will sign 25-year power purchase agreements (PPAs) with the selected developers and sell the electricity to state utilities, distribution companies, and other buyers.
The minimum project size is 50 MW, including at least 25 MW/100 MWh of storage, increasing in 10 MW increments. Developers can bid for up to 600 MW without the greenshoe option or 1,200 MW with it. In the North-Eastern States and Special Category regions, the minimum bid size is 30 MW.
The tender is a significant opportunity for developers to participate in the Indian solar market, which has been growing rapidly in recent years. The inclusion of energy storage systems in the tender is a step towards integrating more renewable energy sources into the grid, reducing carbon emissions, and creating a more sustainable energy future.
Overall, the NHPC Ltd. tender presents a significant opportunity for solar project developers in India to contribute to the country’s renewable energy goals and benefit from the growing demand for clean energy solutions.