India Releases Two System-Friendly Tenders

Speeches Shim

The Solar Energy Corporation of India releases two system-friendly renewable energy procurements that lower generation and integration costs—major milestones in the country’s transition to a renewable energy future.

Today, many developing countries are creating policy, legal, and regulatory frameworks to attract private investment in clean energy, increase energy efficiency, and expand electricity access. USAID works in partner countries across all aspects of the energy sector to support their journey to self-reliance.

USAID and the Solar Energy Corporation of India Partner on Renewable Energy 

After the successful bid of its 1.2 gigawatt (GW) time-block tender in January 2020, the Solar Energy Corporation of India (SECI) launched a bid of 5GW of round-the-clock power in March 2020 to address the issues of intermittency by reliably meeting power demand during morning and evening hours. These recent tenders mark a major transition toward system-friendly procurements of renewable energy in India that lower generation and integration costs. The SECI tenders incorporated several lessons and global best practices on system-friendly competitive bidding provided by USAID’s Partnership to Advance Clean Energy Deployment (PACE-D 2.0 RE) program, including incorporating peak and off-peak tariffs, making the tender technology agnostic, considering renewable energy integration costs in the award decision according to location.

According to SECI Director of Power Systems S.K. Mishra, USAID’s presentation on system-friendly renewable energy procurements informed both round-the-clock power tenders.

Happy woman relaxing with wind generators turbines beautiful sunset background.
Happy woman relaxing with wind generators turbines beautiful sunset background in Khao Kho mountain, Petchabun, Thailand.
© theeraphong / Adobe Stock

Auctions are best practice for procuring least-cost energy. This competitive, transparent process helps countries meet their energy and climate goals and attract investment into their clean energy futures.

In today’s rapidly evolving renewable energy marketplace, it can be challenging to keep track of current best practices in renewable energy policy, innovations, and market trends. USAID developed the Renewable Energy Auction Toolkit to help international development professionals, energy ministries, utilities, policymakers, and regulators to design and successfully implement energy auctions that expand access to affordable and sustainable clean energy.

Mother holding her son in nature. Wind turbines in the background.
Through the Scaling Up Renewable Energy program, USAID helps partner countries power economies with renewable energy, meet international climate commitments, and open markets to private investment and competition.
© Viktor Pravdica / Adobe Stock

Technological advancements continue to drive renewable energy prices down, often making electricity from solar and wind cheaper than fossil fuels. Renewables increase investment opportunities, generate revenue for landowners, reduce emissions, and create jobs in rural and remote areas where industry and employment may be scarce. USAID’s Scaling Up Renewable Energy (SURE) program helps countries meet bold international climate commitments by accelerating their transition to more widely accessible, affordable, reliable, and sustainable energy. SURE provides renewable energy planning, procurement, and grid integration services. Our trainings, tools, and resources help policymakers, utilities, and regulators modernize energy sectors and create policies that enable renewable energy markets to flourish.

Date 
Wednesday, July 15, 2020 - 5:30pm

Last updated: December 03, 2021