Greenko Group and ReNew Power emerge successful in SECI’s renewable-cum-storage tender

The Greenko Group and ReNew Power Limited have emerged as the successful bidders in SECI’s 1,200 MW renewable-cum-energy storage tender with guaranteed peak power supply. The Greenko Group has secured 900 MW of pumped storage capacity at a weighted average tariff of Rs 4.04 per kWh and a peak tariff of Rs 6.12 per kWh. Meanwhile, ReNew Power secured 300 MW of renewables-plus-battery storage capacity at a weighted average tariff of Rs 4.30 per kWh and a peak tariff of Rs 6.85 per kWh. For the renewable energy supplied during off-peak hours, SECI will pay a pre-specified tariff of Rs 2.88 per kWh.

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