NEW DELHI: Reliance NU Energies, a subsidiary of Anil Ambani ’s Reliance Power , has secured a 350 MW solar power project with integrated battery storage facility from state-run hydel utility SJVN at a tariff of Rs 3.33 per unit levelised for 25 years.
The project envisages a 175 MW/700 MWh (megawatt-hour) battery storage system, which is to provide a backup power supply of 175 MWh for four hours.
The winning tariff makes the project among the most competitively priced offerings in India's energy transition landscape, Reliance Power said on Monday. This also marks the largest allocation in SJVN's tariff-based competitive bidding process.
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.
With this addition, the company's total clean energy pipeline now stands at 2.5 gigawatt-power (GWp) of solar capacity and 2.5 GWh (gigawatt-hour) of battery storage, making R-Power India's largest player in the integrated solar-battery storage segment.
This allocation represents a material step-up in Reliance Power's strategic pivot toward renewable power energy. The project is part of SJVN's larger tender for 1,200 MW of solar power coupled with 600 MW/2,400 MWh of battery storage connected to the inter-state transmission network.
The project envisages a 175 MW/700 MWh (megawatt-hour) battery storage system, which is to provide a backup power supply of 175 MWh for four hours.
The winning tariff makes the project among the most competitively priced offerings in India's energy transition landscape, Reliance Power said on Monday. This also marks the largest allocation in SJVN's tariff-based competitive bidding process.
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.
With this addition, the company's total clean energy pipeline now stands at 2.5 gigawatt-power (GWp) of solar capacity and 2.5 GWh (gigawatt-hour) of battery storage, making R-Power India's largest player in the integrated solar-battery storage segment.
This allocation represents a material step-up in Reliance Power's strategic pivot toward renewable power energy. The project is part of SJVN's larger tender for 1,200 MW of solar power coupled with 600 MW/2,400 MWh of battery storage connected to the inter-state transmission network.
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