Post by Renewable Watch Magazine

The Solar Energy Corporation of India Limited's 1.2 GW hybrid tender in India coupling #pumpedhydro, #batteries, #solar and #wind power has achieved tariffs that are highly competitive against coal power. It received bids for for 1.62 GW of capacity in the procurement round and saw the Greenko Group secure 900 MW of pumped storage capacity and ReNew Power 300 MW of renewables-plus-battery storage capacity. According to sources, Greenko offered a weighted average tariff of Rs 4.04 per kWh and a quoted peak tariff of Rs 6.12 per kWh. Meanwhile, ReNew offered a weighted average bid of Rs 4.30 per unit and quoted peak price of Rs 6.85 per unit. #energystorage #storage #battery #tender #oversubscribed #solarpower #windpower #cells #batterystorage