Ministry of Power recently suggested major adjustments in four competitive bidding parameters for renewable energy and Battery Energy Storage Systems (BESS) to enforce domestic content regulations and increase developer payment security. The proposed changes include procurement regulations for solar, wind-solar hybrid, firm and dispatchable renewable energy (FDRE), and independent BESS projects. The proposed amendments include procurement regulations for solar, wind-solar hybrid, firm and dispatchable renewable energy (FDRE and stand-alone BESS projects. The proposed amendments cover procurement regulations for solar, wind-solar hybrid, firm and dispatchable renewable energy (FDRE and standalone BESS projects. The revised framework mandates a minimum term of eight years for Battery Energy Storage Purchase Agreements (BESPAs) and domestic content requirements for battery storage units in Request for Selection (RfS) papers.
