Deals12 May 2025, 08:58 am
Reliance Power Subsidiary Wins Largest Allocation in SJVN Solar + BESS Tender
AI Summary
Reliance Power Limited's subsidiary, Reliance NU Energies Private Limited, has won the largest allocation in SJVN's tariff-based competitive bidding process. The allocation includes 350 MW of solar generation capacity and 175 MW/700 MWh of battery energy storage system (BESS). Once commissioned, the platform will add 600 MWp of installed solar PV capacity and 700 MWh of energy storage to Reliance Power’s portfolio, consolidating its leadership in new energy solutions. The winning tariff was discovered at INR 3.33/kWh, fixed for a 25-years, positioning the project among the most competitively priced offerings in India’s energy transition landscape.
Key Highlights
- Reliance NU Energies wins 350 MW solar power and 175 MW/700 MWh BESS project in SJVN auction
- Company’s total clean energy pipeline now stands at 2.5 GWp solar and >2.5 GWhr BESS
- Winning tariff discovered at INR 3.33/kWh, fixed for a 25-years
- Project is part of a broader 1,200 MW solar + 600 MW / 2,400 MWh BESS ISTS-connected tender floated by SJVN
- Reliance Power’s subsidiary, Reliance NU Suntech Private Limited, signs PPA with SECI for Asia’s largest Solar + BESS project