Reliance Power Share Price Surges on Its Subsidiary Securing Solar and BESS Project

Reliance Power announced a significant development in its renewable energy ventures. Its subsidiary, Reliance NU Energies Private Limited, received a Letter of Award (LOA) from SJVN Limited, a leading Navratna Central Public Sector Enterprise. The LOA pertains to the implementation of an Inter-State Transmission System (ISTS)-connected solar project integrated with a Battery Energy Storage System (BESS). This milestone consolidates Reliance Power’s leadership in India’s new energy landscape.

Reliance NU Enegries Strategic Win 

Reliance NU Energies secured the LOA for a 350 MW ISTS-connected solar project, coupled with a 175 MW/700 MWh BESS installation. The platform will involve the deployment of 600 MW of solar DC capacity and 700 MWh of energy storage, further enhancing Reliance Power’s clean energy capabilities. The company had earlier emerged successful in a highly competitive tender process conducted by SJVN Limited, securing the project at a tariff of ₹3.33/kWh for a 25-year term.

This tender, which formed part of a 1,200 MW solar and 600 MW/2,400 MWh BESS initiative, attracted bids from 19 developers, with 18 qualifying for the final e-reverse auction. The overwhelming interest and oversubscription by more than 4 times reflected the sector’s growing focus on dispatchable renewable solutions. Reliance Power’s ability to secure the largest allocation underlines its strategic direction and executional strength in the energy transition space.

Reinforcing Clean Energy Leadership

The new project propels Reliance Power to the forefront of India's clean energy space, with a cumulative pipeline of 2.4 GW of Solar DC capacity and over 2.5 GWh of battery storage capacity. This positions the company as the nation’s largest player in the integrated Solar + BESS segment. According to the filings, the project reflects Reliance Power’s commitment to delivering sustainable value while transitioning to cleaner energy sources.

The success of Reliance NU Energies in this auction is aligned with the broader strategic vision of Reliance Power to contribute meaningfully to India’s sustainable energy goals. With a robust foundation in both conventional and renewable power, Reliance Power is establishing itself as a pivotal force in shaping India’s future energy infrastructure.

Read More: Reliance Power: Q4 FY25 Earnings! 

Reliance Power Share Performance 

As of May 29, 2025, at 1:07 PM, Reliance Power share price traded at ₹52.11 per share, reflecting a surge of 3.33% from the previous day's closing price. Over the past month, the stock has surged by 27.07%

Conclusion

Reliance Power’s latest achievement through its subsidiary, Reliance NU Energies, marks a critical step in expanding its renewable energy portfolio. By securing this prestigious LOA from SJVN Limited, the company not only strengthens its clean energy footprint but also sets a new benchmark in India’s integrated solar and storage market. The development is a reaffirmation of Reliance Power’s strategic focus on sustainability and innovation in the evolving energy sector.

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