Reliance Power's Share Surge Over 10% on Arm Securing Solar and Battery Storage Project

Reliance Power, through its subsidiaries Reliance NU Energies and Reliance NU Suntech, has secured two major renewable energy projects, significantly expanding its integrated Solar + Battery Energy Storage System (BESS) portfolio. These wins reflect the company’s strategic pivot towards clean, dispatchable power and reinforce its leadership in India’s energy transition.

Major Win in SJVN’s Competitive Bidding

Reliance NU Energies has emerged as the top bidder in SJVN’s tariff-based competitive bidding, securing an allocation of 350 MW solar generation capacity paired with 175 MW/700 MWh of BESS. This project will add 600 MWp of installed solar PV and 700 MWh of storage to Reliance Power’s portfolio, boosting its clean energy pipeline to 2.5 GWp of solar and over 2.5 GWh of storage.

The project was awarded at a tariff of ₹3.33/kWh, fixed for 25 years, and is part of a larger 1,200 MW solar + 600 MW / 2,400 MWh BESS ISTS tender by SJVN. With participation from 19 entities and oversubscription by more than four times, the project will be developed under a build-own-operate model and includes a four-hour daily discharge mandate to ensure peak power delivery to Discoms.

SECI Agreement for Asia’s Largest Solar + BESS Project

Reliance NU Suntech has signed a 25-year Power Purchase Agreement with the Solar Energy Corporation of India (SECI) to develop Asia’s largest integrated solar and battery energy storage project. The facility will include 930 MW of solar power and 465 MW/1,860 MWh of BESS, representing a significant milestone in India’s renewable energy journey.

The project will operate at a fixed tariff of ₹3.53/kWh and involve an investment of up to ₹10,000 crore. With long-term revenue visibility and a firm delivery profile, it enhances Reliance Power’s capability to provide large-scale, dispatchable green energy, supporting grid stability and national energy targets.

Read More: Reliance Power Boosts Clean Energy Push with ₹348 Crore Fund Raise

Reliance Power Share Performance 

As of May 12, 2025, at 10:21 AM, Reliance Power share price is trading at ₹42.91 per share, a surge of 11.02% from the previous closing price. Over the past month, the stock has surged by 0.79%.

Conclusion

Reliance Power’s recent achievements underscore its transformation into a clean energy powerhouse. Through strategic project wins and long-term agreements, the company is well-positioned to lead India’s shift toward sustainable and reliable energy infrastructure.

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