SECI starts Trading of Unbundled Solar Power
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Start Date:-
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03-24-15
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End Date:-
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04-30-15 |
Solar Energy Corporation of India (SECI) has started trading of power from 24th March, 2015, thus entering into the segment of Power Trading companies active in the Indian Power Market and ushering an era where large-scale trading of unbundled RE power becomes a reality.
This was a unique transaction of its kind as not many examples of short term inter-state trading of Renewable Energy can be found in India. SECI has been able to execute the flow of 20 MW of solar power from the state of Gujarat to the state of Odisha on short-term day-ahead basis. The transaction comes under the gamut of the prestigious Jawaharlal Nehru National Solar Mission (JNNSM) wherein SECI is the designated agency for trading of unbundled solar power for the 750 MW scheme under JNNSM Phase II, Batch I.
Power from unconventional RE sources such as solar and wind poses numerous challenges in trading due to their highly intermittent nature and the inherent difficulty in accurate forecasting.
SECI intends to enter the Solar Power trading business in a big way. Apart from the power to be traded under the 750 MW scheme, plans for an additional 7000 MW are underway.