Reliance Power Limited has informed the Exchange regarding a press release dated May 12, 2025, titled "Media Release".
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Power's subsidiary Reliance NU Energies has won the largest allocation in SJVN's solar + battery storage auction, securing 350 MW of solar capacity paired with 175 MW/700 MWh of battery energy storage. The winning tariff was INR 3.33/kWh, fixed for 25 years. With this win, Reliance Power's clean energy pipeline now stands at 2.5 GWp solar and over 2.5 GWhr of BESS, making it the largest player in India's integrated Solar + BESS segment. The Letter of Award from SJVN is still awaited. Separately, another subsidiary Reliance NU Suntech recently signed a 25-year PPA with SECI for a 930 MW solar + 465 MW/1860 MWh BESS project (Asia's largest such installation), involving an investment of up to INR 10,000 crore at a tariff of INR 3.53/kWh.
This is a positive development for shareholders — it significantly expands Reliance Power's renewable energy portfolio with long-term 25-year revenue visibility at competitive tariffs. The wins reinforce the company's pivot toward clean energy, though the LoA is still pending for the SJVN project, and execution risks around large capex remain.