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2d ago

Reliance Power Secures Largest Share in SJVN Renewable Energy Tender

The company’s subsidiary Reliance NU Energies wins 350 MW solar and 175 MW/700 MWh battery storage project, marking a major step in its clean energy expansion.

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Overview

  • Reliance NU Energies secured the largest allocation in SJVN's oversubscribed renewable energy tender, winning 350 MW of solar capacity and 175 MW/700 MWh of battery energy storage.
  • The project will operate under a build-own-operate framework with a required four-hour daily discharge, ensuring reliable peak power delivery to state utilities.
  • The winning tariff for the project was set at Rs 3.33/kWh for 25 years, highlighting its cost competitiveness in India’s energy transition.
  • Reliance Power's clean energy pipeline now totals 2.5 GWp of solar capacity and over 2.5 GWh of battery storage, solidifying its leadership in integrated renewable solutions.
  • The investment for the project is expected to reach up to Rs 10,000 crore, with the Letter of Award from SJVN currently awaited.