Key Takeaways
- A competitive tariff of ₹5.25 per unit was established in a recent renewable energy bid by SECI.
- The tender aims to compare renewable energy with firm power sources like thermal and nuclear.
- This development marks a significant step towards reliable green energy for sectors such as data centers.
Competitive Tariff Achieved
New Delhi: The latest renewable energy bidding process has yielded a competitive tariff of ₹5.25 per unit, according to Renewable Energy Secretary Santosh Kumar Sarangi. This rate was determined during a reverse auction conducted by the Solar Energy Corporation of India (SECI) late Thursday. Sarangi expressed surprise at the low rate, stating, “We expected the price to be very high, but thanks to the competitive spirit among our developers, we discovered a rate of ₹5.25 per unit for RE RTC (renewable energy round-the-clock).”
The significance of this tender lies in its objective to compare renewable energy sources with established firm power sources, such as thermal and nuclear energy. The terms of the tender specify that renewable energy must be provided continuously, with at least 90% of the required power delivered during peak hours, 50% to 60% during solar hours, and a minimum of 70% at other times.
Sarangi emphasized that this tender serves as a key milestone for achieving firm and reliable green energy. He highlighted its potential benefits, particularly for sectors requiring consistent energy supply, like data centers. The results of this auction are indicative of the growing competitiveness of renewable energy. Furthermore, they demonstrate the ability of developers to effectively integrate solar, wind, and energy storage technologies, ensuring a reliable power supply for users.
The tender’s results are expected to encourage further investment and interest in renewable energy initiatives within India, reinforcing the nation’s commitment to sustainable energy development.
The content above is a summary. For more details, see the source article.
