Reliance Power shares climbed over 3% after its subsidiary, Reliance NU Suntech, signed a groundbreaking 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). This strategic pact covers the supply of 930 MW of solar power integrated with a 465 MW/1,860 MWh battery energy storage system (BESS), positioning it as Asia’s largest single-location solar-BESS project.
The project, announced in an exchange filing on Friday, will be developed over the next 24 months with an estimated investment of up to ₹10,000 crore. Power will be supplied at a fixed tariff of ₹3.53 per kilowatt hour (kWh), ensuring long-term revenue visibility.
To meet the contracted capacity, Reliance NU Suntech will deploy over 1,700 MWp of solar generation, combined with advanced energy storage solutions to ensure grid reliability and energy efficiency. This development strengthens Reliance Power’s position in India’s growing clean energy sector.
Reliance Power shares opened at ₹40.75, reaching a high of ₹41.54 and a low of ₹40.15. Over the past 52 weeks, the stock has experienced significant volatility, with a high of ₹53.64 and a low of ₹23.30.
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