Rajasthan Rajya Vidyut Utpadan Nigam Limited(RVUNL) has announced the results of its auction for 500 MW / 1,000 MWh standalone battery energy storage systems (BESS).
Solarworld Energy Solutions, Oriana Power, Rays Power Experts, and JSW Neo Energy secured capacities of 125 MW / 250 MWh, 50 MW / 100 MWh, 75 MW / 150 MWh, and 250 MW / 500 MWh, respectively. The tariffs for the awarded capacities range between Rs 221,000 and Rs 224,000 per MW per month. The tender, floated in September 2024, includes a greenshoe option for an additional 500 MW / 1,000 MWh capacity. Developers are eligible for viability gap funding (VGF) of Rs 2.7 million per MWh or 30 per cent of the project’s capital cost, with the disbursement spread across five tranches. VGF for the greenshoe option will be finalised in the next phase.
The projects, scheduled for commissioning within 18 months of signing the battery energy storage purchase agreement, will connect to RVUNL’s facilities, including Giral Lignite Power Project (Barmer), Suratgarh Thermal Power Station (Suratgarh), and substations in Sakatputa, Kota, and Heerapura, Jaipur.