SECI to Float Historic 500 MW Solar Thermal Tender by FY25 End

SECI is set to issue a tender for a 500 MW solar thermal capacity by the end of FY25, marking a significant milestone for India. RP Gupta, Chairman and MD, announced this plan during India Energy Storage Week 2024, highlighting the advanced technology and cost efficiency of the upcoming projects.

SECI, the Solar Energy Corporation of India Limited, is poised to usher in a new era for renewable energy by the end of FY25 with its ambitious plan to float a tender for 500 megawatts (MW) of solar thermal capacity.

This announcement was made by RP Gupta, Chairman and Managing Director of SECI, during the India Energy Storage Week 2024, organized by the India Energy Storage Alliance (IESA) on Wednesday. Gupta emphasized that this would be the first tender of its kind in India on such a grand scale.

Gupta further elaborated that unlike previous, smaller solar thermal projects, this 500 MW tender would incorporate advanced technology capable of generating steam through heat, aiding in running turbines. He assured that the costs of these projects would be competitive with other Round the Clock (RTC) solutions, aiming to revolutionize India's renewable energy landscape.

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