Reliance Power Limited shares were quoted to ₹ 53.79 for ₹ 1.57 or 3.01 percent in the NSE at noon. Reliance Now Energies Private Limited, a Reliance Power Limited subsidiary, recently received a SJVN Limited award letter for a 350 MW solar energy project integrated with an Energy Energy Storage System (Bess) of 175 MW/700 MWh. The project will connect to the interstate transmission system.
The subsidiary assured the project through competitive offers to a fixed rate or ₹ 3.33 per kWh for 25 years. SJVN, a public sector company in Navratna Central, awarded this contract as part of a tender larger of 1,200 MW of solar energy and 600 MW/2,400 MWh that saw 19 developer particles.
The project will require the installation of the 600 MW SOLAR CC capacity together with the battery storage system. Once commissioned, this addition will bring the total clean energy portfolio of Reliance Power to 2.4 GW of solar CC capacity and approximately 2.5 GWh of kiss capacity, positioning it as the largest player in India in the integrated segment of Plus Plus-more solar.
The tender was outstanding for more than the times, with 18 developers who described for the final electronic review auction, indicating a strong interest of the industry in dispatchable renewable energy solutions.
Reliance Power operates a 5.305 MW portfolio, including the Sasan Power Limited plant of 3,960 MW MW. The company has been expanding its renewable energy footprint as part of its strategic transition towards cleaner energy sources.
Reliance NU Energies, a subsidiary of Reliance Power, has secured a significant renewable energy contract from SJVN Ltd., marking a pivotal advancement in India’s clean energy sector.Devdiscourse+10The Economic Times+10Free Press Journal+10
Project Overview
The awarded project encompasses a 350 MW solar power plant integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). This initiative is part of SJVN’s larger tender for 1,200 MW of solar capacity and 600 MW/2,400 MWh of BESS, which attracted bids from 19 developers, with 18 qualifying for the final e-reverse auction. Reliance NU Energies emerged as the top bidder, securing the project at a fixed tariff of ₹3.33 per kWh for a 25-year period .pv magazine India+14Rediff+14IPO Central+14
Strategic Significance
Upon commissioning, this project will augment Reliance Power’s portfolio by adding 600 MWp of solar photovoltaic capacity and 700 MWh of energy storage. This expansion elevates the company’s total clean energy pipeline to 2.5 GWp of solar capacity and over 2.5 GWh of BESS, positioning Reliance Power as a leading player in India’s integrated solar and energy storage market .Rediff+6Evertiq+6The Economic Times+6Asian Power+4The Economic Times+4Evertiq+4
Broader Implications
The integration of substantial battery storage with solar generation addresses the intermittency challenges of renewable energy, ensuring a more reliable power supply. This project exemplifies the growing trend of coupling renewable energy sources with storage solutions to enhance grid stability and meet peak demand.
Furthermore, this development aligns with India’s broader objectives to increase the share of renewable energy in its power mix and reduce dependence on fossil fuels. It also reflects the competitive nature of the renewable energy sector in India, where companies are increasingly investing in advanced technologies to secure long-term, sustainable energy contracts.
Reliance NU Energies’ success in this competitive bidding process underscores the company’s commitment to advancing India’s renewable energy goals and its capability to deliver large-scale, integrated energy solutions.
