15-January-2025
Corporate News
 
Reliance Power makes foray into renewable energy, bags battery storage tender
17-Sep-2024

Reliance Power has entered the renewable energy and storage sector as it has bagged a tender from the Solar Energy Corporation of India (SECI) to set up a 500 MW/1000 MWh battery energy storage system (BESS). This project was awarded through SECI’s e-Reverse Auction (eRA), held on September 11, according to sources familiar with the development. The overall contract involves setting up 1,000 MW/2,000 MWh of standalone BESS units, awarded on a build, own, and operate (BOO) basis, designed for “on-demand” usage under a tariff-based competitive bidding process. Reliance Power won half of the total capacity, securing 500 MW/1000 MWh, while the remaining 500 MW/1000 MWh was awarded to a subsidiary of JSW Energy, the sources added.

News Source:- https://www.financialexpress.com/business/industry-reliance-power-makes-foray-into-renewable-energy-bags-battery-storage-tender-3612681/?ref=hometop_hp