Reliance To Invest ₹10,000 Cr To Deploy 1,700 MWp Solar Under SECI PPA

Reliance NU Suntech, a subsidiary of Reliance Power Ltd, has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), the company said. The deal paves the way for the development of one of Asia’s largest single-site integrated solar and battery energy storage system (BESS) projects, expected to be commissioned within 24 months.

The project entails a capital investment of up to ₹10,000 crore. Reliance NU Suntech Power Purchase Agreement with SECI comprises the supply of 930 MW of solar power integrated with 465 MW/1,860 MWh Battery Energy Storage System (BESS), at a fixed tariff of ₹3.53 per kWh. To achieve the contracted capacity of 930 MW, the project will deploy more than 1,700 MWp of installed solar generation capacity.

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In December 2024, Reliance Power subsidiary, Reliance NU Suntech secured the largest award in SECI’s Tranche XVII auction, winning an allocation of 930 MW of solar power capacity along with a 465 MW/1,860 MWh Battery Energy Storage System.

The allocation was awarded to Reliance NU Suntech through a tariff-based competitive bidding process, which saw participation from 5 leading energy companies competing for 2,000 MW of Inter-State Transmission System (ISTS)- connected solar projects and 1,000 MW/4,000 MWh of BESS capacity.

Reliance Power has also successfully submitted a Performance Bank Guarantee (PBG) amounting to ₹378 crore to the Solar Energy Corporation of India (SECI). The company completed the entire bidding process – from the reverse auction to the issuance of the Letter of Award (LoA), culminating in the signing of the Power Purchase Agreement (PPA) in less than 5 months.