STOCKWATCH
·
Power Generation
Deals11 Dec 2024, 10:40 pm

Reliance Power Subsidiary Wins India's Largest Solar Energy & Battery Storage System Project of 930MW

AI Summary

Reliance Power Limited subsidiary, Reliance NU Suntech Private Limited, has won a landmark 930 MW solar energy contract with a battery energy storage system (BESS) from Solar Energy Corporation of India (SECI) in an e-reverse auction held on 9th December 2024. This is the single largest project of solar and battery storage system in India. Reliance NU Suntech secured the largest individual allocation out of the five companies vying for a total quoted capacity of 2,000 MW of Inter-State Transmission System (ISTS) connected solar power projects with 1,000 MW/4,000 MWh energy storage systems. The project will guarantee a peak power supply of four hours daily and SECI will enter into a power purchase agreement (PPA) with Reliance NU Suntech for a period of 25 years.

Key Highlights

  • Reliance NU Suntech won a 930 MW solar energy contract with BESS from SECI.
  • This is the single largest project of solar and battery storage system in India.
  • Reliance NU Suntech secured the largest individual allocation in the 2,000 MW ISTS connected solar power projects auction.
  • The project will guarantee a peak power supply of four hours daily.
  • SECI will enter into a PPA with Reliance NU Suntech for 25 years.
RPOWER
Power Generation
RELIANCE POWER LTD.

Price Impact