Reliance NU Suntech Private Limited, a wholly owned subsidiary of Reliance Power Limited, has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of solar power integrated with battery energy storage.
Under the agreement, Reliance NU Suntech will develop Asia’s largest integrated solar and battery energy storage system (BESS) project, with an investment of up to Rs 100 billion. The project will deliver 930 MW of solar power along with a 465 MW/1,860 MWh BESS at a fixed tariff of Rs 3.53 per kWh.
The project is expected to be commissioned within 24 months and will deploy over 1,700 MWp of solar capacity to meet the contracted supply.