Solar panels. (Image for representation)
Credit: iStock Photo
Hyderabad: Anil Ambani’s Reliance NU Suntech Pvt Ltd is pitching Rs 10,000 crore in a solar power project in the Kurnool district of Andhra Pradesh. The company, a wholly-owned subsidiary of Reliance Power Ltd, is undertaking the mega project on a build-own-operate basis.
Claimed to be Asia’s largest solar and battery energy storage project, the 930 MW project has 465 MW/1,860 MWh battery energy storage system (BESS). It guarantees a a peak power supply of 4 hours daily, implying a 4-hour discharge duration.
In December, Reliance NU Suntech secured the largest individual allocation of 930 MW through a competitive e-reverse auction from a total bid capacity of 2,000 MW for interstate transmission system (ISTS)-connected solar projects, from the central government enterprise Solar Energy Corporation of India (SECI), the company in a statement on Wednesday.
The project is scheduled for commissioning within 24 months of signing the power purchase agreement (PPA). It will enter into 25-year PPA with SECI, with the solar power generated set to be supplied to multiple discoms across India. It promises to create 1,000 direct and about 5,000 indirect jobs during its construction.
Integrating solar power with advanced energy storage systems, it is expected to enhance the reliability and cost-effectiveness of renewable energy. By ensuring a consistent power supply even during periods of low solar generation, the initiative bolsters India’s renewable energy capacity, the company stated.