USAID supports partner countries to accelerate the clean energy transition by helping design and implement auctions that can rapidly scale clean energy at low prices and advance national economic and clean energy goals. USAID provides support for auctions through bilateral and regional energy programs and a variety of programs managed out of Washington, D.C.
On June 12, 2020, USAID’s Partnership to Accelerate Clean Energy Deployment 2.0 Renewable Energy (PACE-D 2.0 RE) program hosted a webinar, “System-Friendly RE Procurement through Round-the-Clock (RTC) Power.” The webinar explored how India can reduce utilization costs, minimize intermittency in renewable energy, and improve the match between power supply and demand through round-the-clock power to supply electricity at all hours with no intermittency. The webinar also discussed the shift in India’s competitive procurement approach when the Solar Energy Corporation of India (SECI) awarded a time block–based tender of 1.2 GW in January 2020 and issued an additional tender of round-the-clock power, estimated at 2.5 GW as of March 2021. The tenders sought to facilitate grid integration and higher capacity utilization of renewable energy while lowering costs for consumers.
The webinar included a panel discussion featuring representatives from SECI, distribution companies, developers, the World Bank, and financiers. It was the first in a series of webinars on RTC power. To receive updates on upcoming webinars, follow PACE-D 2.0 RE on social media or visit the PACE-D 2.0 RE website.