Reliance NU Suntech unveils plan to set up solar power plant in Kurnool
The ₹10,000-crore project is scheduled for commissioning within 24 months of the signing of the Power Purchase Agreement
by V. Raghavendra · The HinduReliance NU Suntech Private Limited, a wholly owned subsidiary of Reliance Power Limited, announced its plan to invest ₹10,000 crore in setting up a solar power project in Kurnool district on a build-own-operate basis.
The project consisting of a 930 MW solar energy contract with 465 MW/1,860 MWh Battery Energy Storage System (BESS) component is Asia’s largest solar and battery energy storage project, according to an official release.
The project will guarantee a peak power supply of four hours daily (or a four-hour discharge duration).
Reliance NU Suntech secured the largest individual allocation of 930 MW through a competitive e-reverse auction from a total bid capacity of 2,000 MW for Inter-State Transmission System (ISTS)- connected solar projects. The project is scheduled for commissioning within 24 months of signing the Power Purchase Agreement (PPA).
The Solar Energy Corporation of India Limited (SECI) will enter into a 25-year PPA with Reliance NU Suntech for supplying the solar power to DISCOMs across India. The project integrates solar power with advanced energy storage systems, enhancing the reliability and cost-effectiveness of renewable energy.
By ensuring a consistent power supply even during periods of low solar generation, the initiative bolsters India’s renewable energy capacity, reduces dependence on fossil fuels, and reinforces Reliance NU Suntech’s leadership in the power generation sector.
Published - January 15, 2025 07:42 pm IST