Reliance Power’s Subsidiary Signs 25-Year PPA with SECI for Asia’s Largest Solar and Battery Project
Anil Ambani-led Reliance Power has taken a major step in India’s clean energy transition through its subsidiary, Reliance New Suntech Private Limited, by signing a significant 25-year long-term Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). Under this agreement, Reliance New Suntech will supply 930 megawatts (MW) of solar energy integrated with a massive 465 MW/1,860 megawatt-hour (MWh) Battery Energy Storage System (BESS). The power will be delivered at a highly competitive fixed tariff rate of ₹3.53 per kilowatt hour, showcasing the company’s commitment to affordable and sustainable energy solutions. This development represents one of the largest integrated solar and battery storage projects in Asia, to be established at a single location, reinforcing Reliance Power’s dedication to green infrastructure and long-term value creation. The project, which will be executed within the next 24 months, entails a substantial capital investment of up to ₹10,000 crore. Notably, a solar production capacity exceeding 1,700 MW (megawatt peak) will be developed in order to deliver the contracted 930 MW, highlighting the project’s scale and ambition. This strategic agreement stands out as one of India’s most significant long-term power purchase deals to date, marking a transformative milestone in the country’s renewable energy roadmap. Despite this landmark announcement, Reliance Power’s stock performance has been under pressure. Over the past five days, the stock has declined by approximately 8.5%, while over the last month it has fallen 7%. In the last six months, the stock has dropped by around 4.6%, and so far in 2025, it is down nearly 10%. These figures suggest that while the company is making long-term strategic investments in sustainable energy, short-term market sentiment remains cautious. For video news and in-depth analysis, visit our YouTube channel THE OLIGO.
Reliance Power’s Subsidiary Signs 25-Year PPA with SECI for Asia’s Largest Solar and Battery Project
