Reliance Power STUNS Market: Bags Mega 750 MW Renewable Energy Project with HUGE Storage!

Reliance Power Limited announced that its wholly-owned subsidiary, Reliance NU Energies, has secured a substantial 750 MW/3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project. This award comes from SJVN Limited as part of its 1500 MW / 6000 MWh FDRE ISTS tender.

An FDRE project combines solar, wind, and battery energy storage systems (BESS) to provide consistent and dispatchable power, especially during peak demand periods. The project awarded to Reliance NU Energies will feature a hybrid configuration, utilizing nearly 900 MWp of solar generation capacity and over 3,000 MWh of BESS capacity. This setup allows for the supply of reliable renewable peaking power to electricity distribution companies (DISCOMs).

Reliance NU Energies secured this capacity at a competitive tariff of Rs 6.74 per kilowatt-hour (kWh). Following this win, Reliance Group's cumulative portfolio of solar and BESS projects under development and implementation now exceeds 4 GWp of solar and 6.5 GWh of BESS across multiple tenders.

Impact: This development is highly positive for Reliance Power, strengthening its position in the renewable energy sector and contributing to its project pipeline. It also signifies significant progress in India's drive towards dispatchable renewable energy, crucial for grid stability and meeting energy demands reliably. The competitive tariff achieved indicates growing maturity and cost-effectiveness in the renewable energy storage market. Rating: 8/10

Difficult Terms: Firm and Dispatchable Renewable Energy (FDRE): Renewable energy projects designed to provide power reliably, even when the primary source (like solar or wind) is not actively generating, by integrating storage and smart grid technologies. Battery Energy Storage System (BESS): Systems that store electrical energy in batteries for later use, enabling power to be released when needed, improving grid stability and reliability. MWp (Megawatt peak): A unit measuring the maximum output capacity of solar photovoltaic panels under standard test conditions. MWh (Megawatt-hour): A unit measuring the total amount of electrical energy produced or consumed over a period of time. It represents power (MW) multiplied by time (hours). DISCOMs (Distribution Companies): Companies responsible for distributing electricity to end consumers in a specific region. ISTS (Implementation Support & Transmission Services): Refers to the transmission infrastructure and support services required to connect renewable energy projects to the national grid.