Reliance NU Energies Bags SJVN Solar-Storage Project.

Reliance NU Energies Private Limited, a subsidiary of Reliance Power, announced recently that it has received a Letter of Award (LOA) from SJVN Limited, a Navratna Central Public Sector Enterprise. The LOA is for a significant 350 MW inter-state transmission system (ISTS)-connected solar power project, uniquely coupled with a substantial 175 MW/700 MWh Battery Energy Storage System (BESS).

This landmark project is poised to significantly bolster Reliance Power's clean energy portfolio. Upon commissioning, the integrated platform will contribute 600 MW of solar DC capacity and 700 MWh of BESS capacity, further solidifying Reliance Power's leadership in the rapidly evolving new energy solutions sector, according to an official company release. The addition of this project elevates the company’s total clean energy pipeline to an impressive 2.4 GW of solar DC capacity and over 2.5 GWH of BESS capacity.

Reliance NU Energies had previously emerged as the successful bidder in a highly competitive auction conducted by SJVN. The company secured the project at a fixed tariff of ₹3.33 per kilowatt-hour (kWh) for a robust period of 25 years, demonstrating its competitive edge in the renewable energy market.

The project was part of a larger 1,200 MW solar plus 600 MW/2,400 MWh BESS tender, which drew immense interest from the industry. Nineteen developers participated in the bidding process, with 18 ultimately qualifying for the final e-reverse auction. The tender was notably oversubscribed by more than four times, a clear indication of the heightened industry demand and interest in dispatchable renewable energy solutions that offer grid stability and reliability. This project underscores the growing momentum towards integrated renewable energy solutions in India.