Hartek Power Wins ₹353 Crore Solar-Plus-Storage Deal in Karnataka

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AuthorAarav Shah|Published at:
Hartek Power Wins ₹353 Crore Solar-Plus-Storage Deal in Karnataka
Overview

Hartek Power secured a substantial renewable energy contract valued at ₹353.77 crore for a major solar project integrated with battery storage in Karnataka. The scope includes EPC for a 280 MW AC / 410 MWp DC solar PV facility and an 80 MW / 320 MWh battery storage system, along with one year of operations and maintenance. This award highlights the increasing demand for integrated solar and storage solutions in India's evolving energy market.

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Hartek Power Lands Major Renewable Energy Contract

Hartek Power announced on Thursday the acquisition of a significant renewable energy contract totaling ₹353.77 crore. This deal involves a solar power project featuring an integrated battery energy storage system, located in Challakere, Karnataka.

The contract awards Hartek Power the comprehensive EPC (engineering, procurement, and construction) scope. This includes a 280 MW AC / 410 MWp DC solar PV project coupled with an 80 MW / 320 MWh battery energy storage system. The project aims to address the critical need for managing solar power's inherent intermittency.

Scope and Market Significance

The work encompasses the full lifecycle from design and engineering to supply, erection, and commissioning. A one-year period of operations and maintenance is also part of the agreement. The total purchase price for this agreed scope stands at approximately ₹353.77 crore. Battery energy storage systems are becoming indispensable for ensuring consistent energy availability, especially for renewable sources like solar.

Simarpreet Singh, Executive Director and CEO of Hartek Group, commented on the development. "This project reflects the growing maturity of India's renewable energy market, where solar generation and storage are coming together as an integrated solution," he stated. The award signifies a strong market signal for combined solar generation and storage capabilities.

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