Once completed. it will be Asia’s largest solar and battery energy storage project, according to a release from the company.
Reliance NU Suntech Private Limited, a wholly owned subsidiary of Reliance Power Limited, announced a plan to invest ₹10,000 crore in setting up a solar power project in Kurnool district on a build-own-operate (BOO) basis. The project comprises a 930-MW solar energy contract with 465 MW/1,860 MWh battery energy storage system (BESS) component.
This will be Asia’s largest solar and battery energy storage project, according to a press release from Reliance NU Suntech Private Limited, here on Wednesday.
The project guarantees a peak power supply of four hours daily (or a four-hour discharge duration). Reliance NU Suntech secured the largest individual allocation of 930 MW through a competitive e-reverse auction from a total bid capacity of 2,000 MW for Inter-State Transmission System (ISTS)- connected solar projects.
Under joint ownership with the Solar Energy Corporation of India (SECI), the project is scheduled for commissioning in 24 months after the signing of the Power Purchase Agreement (PPA). SECI will enter into a 25-year PPA with Reliance NU Suntech for supply of the solar power to multiple DISCOMs across India.
It was stated that the project integrates solar power with advanced energy storage systems, thereby enhancing the reliability and cost-effectiveness of renewable energy (RE). By ensuring a consistent power supply even during periods of low solar generation, the initiative bolsters India’s RE capacity, reduces dependence on fossil fuels, and reinforces Reliance NU Suntech’s leadership in the power generation sector, the release added.
Published – January 15, 2025 07:42 pm IST
