BUSINESS
Reliance NU Suntech inks a 25-year power deal with Solar Energy Corporation of India (SECI).
By Aniket Chakraborty
May 2, 2025
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Image Credit | @reliancepower | X
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The project will create Asia’s largest single-location solar plus battery energy storage system (BESS).
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A massive ₹10,000 crore investment is planned, aiming for completion in 24 months.
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The project includes 930 MW of solar power with 465 MW/1,860 MWh of battery storage.
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Power will be supplied at a fixed tariff of ₹3.53 per kWh for the full duration of 25 years.
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More than 1,700 MWp of solar panels will be installed to achieve 930 MW of output.
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Reliance Power secured the project via SECI's Tranche XVII auction held in December 2024.
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A ₹378 crore performance bank guarantee has already been submitted to SECI.
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Reliance Power’s stock rose nearly 3.90% after the announcement, signaling positive market sentiment.
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The mega project is a milestone in India’s push for renewable energy leadership in Asia.
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