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Solar-Wind Hybrid Projects will Stand Canceled if SECI Fails to Sign PSA within Six Months

The annual capacity utilization factor of these projects should not be less than 30%

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The Ministry of New and Renewable Energy (MNRE) has issued tariff-based competitive bidding guidelines for power procurement from grid-connected solar-wind hybrid projects. The guidelines stated that the Solar Energy Corporation of India (SECI) would be the nodal agency for implementing these guidelines. Projects will be canceled if SECI cannot enter into a power sale agreement (PSA) to sell the power from these projects awarded within six months from the date the letter of award is issued.

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