The BC Jindal Group will be responsible for land acquisition, project installation and ownership, obtaining all necessary approvals, and ensuring interconnection with the ISTS network to supply the contracted power.
Hero Future Energies (HFE) has signed a power purchase agreement (PPA) with Solar Energy Corp. of India Ltd (SECI) for a 270 MW solar with energy storage system (ESS) project.
Reliance Power arm Reliance Nu Suntech will develop a 930 MW solar project with 465 MW/1,860 MWh battery energy storage system for assured power supply during peak hours (four hours daily) at a competitive fixed tariff of INR 3.53/kWh.
Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) is accepting bids to develop 110 MW of grid-connected PV power capacity across two solar parks in the Kanpur region of Uttar Pradesh.
BluPine Energy has secured a 25-year power purchase agreement with Solar Energy Corp. of India (SECI) for a 150 MW solar project with energy storage in the Bikaner district of Rajasthan.
JSW Energy will develop, operate and maintain the BESS in Kerala with the primary objective of making it available to KSEB for charging/discharging of the BESS on an on-demand basis.
The 13 GW hybrid renewable energy park will comprise solar, wind and battery energy storage systems.
The Indian government has increased the battery storage target under the viability gap funding (VGF) scheme to 13.2 GWh by FY 2027-28. The scheme provides financial support for up to 40% of the BESS capital cost.
The tariff adoption by Central Electricity Regulatory Commission (CERC) is a critical regulatory requirement under the Electricity Act and power purchase agreements. It provides regulatory certainty to the entire bidding process and ensures the sanctity of the discovered tariff, paving the way for the successful bidders to proceed with project execution and financial closure.
A white paper by EDF outlines the key challenges hindering pumped storage project (PSP) growth as planned by Government of India and provides strategic recommendations to improve project viability, attract private sector investment, and create a supportive regulatory and financial framework for the rapid development of PSP in India.
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