Tata Power Solar Bags India’s Largest Solar Storage Project Worth Rs 945 cr From SECI

Tata Power RE Subsidiary Gets LoA for 966 MW RTC Hybrid Renewable Power Project

Tata Power Solar Systems Limited (Tata Power Solar), India’s largest integrated solar company and a wholly owned subsidiary of Tata Power, has received Letter of Award (‘LoA’) from Solar Energy Corporation of India Ltd. (SECI) to build 100 MW EPC Solar project along with 120 MWh Utility Scale Battery Energy Storage System (BESS). The total contract value of the project is approximately Rs 945 crore. The project will be executed within 18 months .

The Utility Scale EPC order book of Tata Power Solar now stands at ~4.4 GW (DC) capacity with an approximate value of INR 9,000 crore (without GST), thereby strengthening its position as India’s leading Solar EPC player.

SECI project sites in this case are located in Chhattisgarh. The order scope includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the projects.

For Tata Power, the win diversifies and strengthens its BESS offering within the renewable segment.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, “We are glad to receive this prestigious order from SECI to build Solar EPC projects along with the largest Utility Scale BESS project in India presently. This is the second grid-scale solar plant with BESS and is recognition of Tata Power Solar’s pioneering work in project execution capabilities in the solar energy domain.”

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For Tata Power, the win adds to a growing renewables portfolio, where it has more than 7GW of ground-mount utility-scale, over 750MW of rooftop and distributed generation projects across the country & installed over 55000 Solar Water Pumps in India till date. Besides large, utility scale projects, the firm has been one of the few to make a large, concerted push in the rooftop segment, including residential rooftop, across the country.

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It’s other major BESS project of 50 MWh battery storage is under execution at Leh.

Solar+battery storage projects, being in their infancy in India yet, have typically moved ahead more slowly, especially at the tendering and final allotment stages, due to multiple technical and other issues that have been raised by stakeholders. In this case too, the final LOA has taken over a year, but should move ahead speedily now.

With its own cell and module manufacturing facilities in place, Tata Power does hold an edge over many other firms at a time of volatile price movements in the sector.