Reliance Power Subsidiary Secures Massive 750 MW Renewable Energy Deal: India's Green Energy Future Ignites!

Renewables

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Updated on 12 Nov 2025, 01:45 pm

Reliance Power Limited's wholly-owned subsidiary, Reliance NU Energies Private Limited, has secured a major win by being awarded the largest allocation in SJVN Limited's 1500 MW Firm and Dispatchable Renewable Energy (FDRE) tender. The subsidiary will develop 750 MW of solar capacity integrated with 3,000 MWh of Battery Energy Storage Systems (BESS). This project aims to provide round-the-clock renewable power supply, a crucial step for India's energy transition.

This achievement solidifies the Reliance Group's standing as a leader in India's solar and BESS segment, with a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS secured across multiple tenders within a year. The awarded project will supply dispatchable renewable peaking power to DISCOMs at a highly competitive tariff of Rs 6.74 per kWh, setting a new benchmark for cost-effectiveness in the sector.

Impact: This news is highly positive for Reliance Power Limited, potentially boosting its stock performance and future growth prospects in the rapidly expanding renewable energy sector. It also signals strong government support and market demand for hybrid renewable energy solutions, which could benefit other companies in the renewable energy and energy storage space.

Difficult Terms: * Firm and Dispatchable Renewable Energy (FDRE): Renewable energy sources (like solar or wind) that can be reliably supplied and controlled by operators when needed, even when the source itself isn't actively generating (e.g., at night for solar). This is achieved through energy storage and grid management. * ISTS tender: Indian government tenders for Inter State Transmission System projects, which involve developing power transmission infrastructure to move electricity between states. * SJVN Limited: A public sector undertaking (PSU) under the Ministry of Power, Government of India, involved in hydroelectric power and renewable energy. * Solar: Energy derived from the sun's radiation. * Battery Energy Storage System (BESS): A system that stores electrical energy in batteries for later use, crucial for stabilizing grids and providing power when renewable sources are intermittent. * GWp (Gigawatt peak): A measure of the maximum power output capacity of solar panels. * GWh (Gigawatt-hour): A unit of energy, commonly used to measure the amount of electricity consumed or produced over time. * Dispatchable peaking power: Electricity that can be supplied on demand, specifically to meet peak demand (when electricity usage is highest), typically from renewable sources coupled with storage. * DISCOMs: Distribution Companies, the entities responsible for distributing electricity to consumers. * Tariff: The rate charged for a service, in this case, the price per kilowatt-hour (kWh) for electricity. * 52-week low: The lowest price at which a stock has traded during the preceding 52 weeks.