A historic 25-year Power Purchase Agreement (PPA) has been inked between Reliance NU Suntech, a subsidiary of Reliance Power, and the Solar Energy Suntech plans to build and launch the biggest single-Corporation of India (SECI), a prominent Navratna Central Public Sector Enterprise. This is one of most significant strategic.
Learn more at: Reliance NU, a division of Reliance Power Within the next 24 months, Suntech plans to build and launch the biggest single-location integrated solar and battery energy storage system (BESS) project in Asia. The project represents agreements substantial step and requires a capital expenditure of up billion.
Dependency NU With a competitive fixed price of Rs 3.53, Suntech and SECI have signed an electricity Purchase Agreement that includes the delivery of 930 MW of solar electricity combined with a 465 MW/1,860 MWh Battery Energy Storage System (BESS) Reliance NU Suntech Private Limited, a wholly owned subsidiary.
Reliance Power Limited, has inked a landmark 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) to develop Asia’s largest integrated solar and battery energy storage system (BESS) project. This strategic initiative underscores India’s commitment to expanding its renewable energy.
Project Overview
The agreement entails the supply of 930 megawatts (MW) of solar power, a 25-year PPA with SECI supply 930 MW solar power infrastructure and transitioning towards sustainable power solutions complemented by a 465 MW/1,860 megawatt-hour (MWh) BESS. The project is set to deliver four hours of assured peak power daily at a fixed tariff of ₹3.53 per kilowatt-hour (kWh).
Investment and Timeline
With an estimated capital investment of up to ₹10,000 crore (approximately USD 1.1 billion), the project is slated for commissioning within the next 24 months. This substantial investment highlights Reliance Power’s dedication to scaling up its renewable energy portfolio and contributing to India’s clean energy goals ensuring both affordability and reliability for consumers. To achieve the contracted capacity.
Strategic Significance
This project emerged as the largest allocation in SECI’s Tranche XVII auction, conducted in December 2024. The competitive bidding process attracted participation from five major energy companies vying for a total of 2,000 MW of Inter-State Transmission System (ISTS)-connected solar projects and 1,000 MW/4,000 MWh of BESS capacity. Reliance NU Suntech’s successful bid.
Regulatory Compliance
In adherence to contractual obligations, Reliance Power has submitted Performance Bank Guarantee (PBG) amounting to ₹378 crore to SECI. The entire bidding process—from the reverse auction to the issuance of the Letter of Award (LoA) and the commitment to executing large-scale, integrated clean energy projects signing of the PPA—was completed in less than five months, reflecting the efficiency promptness.
Implications for India’s Renewable Energy Landscape
The successful execution of this project is poised to significantly bolster India’s of both parties involved underscores its strategic. renewable energy capacity, enhance grid stability, and reduce reliance on fossil fuels. By integrating substantial battery storage with solar power generation project addresses intermittency issues ensures.
Reliance NU Suntech’s collaboration with SECI marks a pivotal step in India’s journey of both parties involved underscores its strategic. towards a greener future, setting a precedent for future large-scale renewable energy projects in the region a steady supply of clean energy during peak demand periods. This initiative aligns India’s.
Broader objectives of achieving energy security, reducing carbon emissions, and a Reliance NU Suntech, a subsidiary of Reliance Power, has signed steady supply of clean energy during peak demand periods. This initiative aligns with India’s broader objectives of achieving energy security, reducing carbon emissions, and fostering sustainable economic growth fostering sustainable economic growth.
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