Daily News Wrap-Up: Aggressive Bidding Challenges India’s BESS Development
Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies and tender volumes rise, discovered tariffs for battery energy storage systems (BESS) have converged sharply, raising a critical question for the sector: are today’s prices truly reflective of bankable projects, or are they setting the stage for long-term instability? KP Energy, Ganeko Three Energy (an SPV of Zelestra), Waaree Forever Energies (a subsidiary of Waaree Energies), Opera Energy, Purvah Green Power, Vena Energy Aura (a subsidiary of Vena Energy), and Refex Holding won Solar Energy Corporation of India’s (SECI) auction to develop 1.2 GW of interstate transmission system-connected wind power projects across India under Tranche XIX.