Reliance Power Limited’s subsidiary, Reliance NU Energies Private Limited, has secured the largest allocation in SJVN’s tariff-based competitive bidding process. It won 350 MW of solar generation capacity and 175 MW/700 MWh of battery energy storage system (BESS).

Once operational, the project will add 600 MWp of solar photovoltaic capacity and 700 MWh of energy storage to Reliance Power’s portfolio. This strengthens its position as India’s largest player in integrated solar plus BESS, with 2.5 GWp solar and over 2.5 GWhr storage capacity.

The tariff was fixed at Rs 3.33 per kilowatt-hour for 25 years, ranking the project among the most competitively priced in India’s energy transition. The Letter of Award from SJVN is awaited.

The tender, part of a 1,200 MW solar plus 600 MW / 2,400 MWh BESS ISTS-connected auction by SJVN, had 19 participants and was oversubscribed over four times. The project requires a minimum four-hour daily discharge window to ensure peak power delivery to state utilities.

Reliance Power will develop the project under a build-own-operate framework according to Ministry of Power guidelines.

The company’s renewable pipeline also includes a 930 MW solar and 465 MW/1,860 MWh BESS project with an investment of Rs 100 Bn, operating at Rs 3.53 per kilowatt-hour over 25 years.

Source: Reliance Power Limited Media Release