New Launch2 May 2025, 08:58 am
Reliance Power Subsidiary Signs 25-Year PPA with SECI for Asia's Largest Integrated Solar and BESS Project
AI Summary
Reliance Power Limited's subsidiary, Reliance NU Suntech Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement involves the development of Asia's largest single-location integrated solar and battery energy storage system (BESS) project, with a total investment of up to ₹10,000 crore. Reliance NU Suntech will deliver 930 MW of solar power with 465 MW/1,860 MWh BESS at a competitive fixed tariff of ₹3.53/kWh. The project is expected to be commissioned within the next 24 months, aligning with India's ambitious renewable energy targets and strengthening Reliance Power's position in the green energy ecosystem.
Key Highlights
- Reliance Power subsidiary signs a 25-year PPA with SECI for a 930 MW solar power project with 465 MW/1,860 MWh BESS
- Asia's largest single-location integrated solar and BESS project with a ₹10,000 crore investment
- Project to be commissioned within 24 months, supporting India's renewable energy goals
- Competitive fixed tariff of ₹3.53/kWh
- Reliance Power's strategic commitment to leading India's transition to sustainable, low-cost energy solutions