BC Jindal Group has secured a 150 MW Round-the-Clock (RTC) renewable energy project through a reverse auction conducted by the Solar Energy Corporation of India (SECI).
The project, awarded at a tariff of ₹5.07 per kilowatt-hour (kWh), underscores the growing momentum towards integrating reliable and dispatchable renewable energy sources into the national grid. The RTC model is pivotal in addressing the intermittency challenges associated with renewable energy sources like solar and wind. By incorporating energy storage solutions, RTC projects ensure a consistent and reliable power supply, aligning with the government’s vision of enhancing grid stability and reducing dependence on fossil fuels.
BC Jindal Group’s successful bid reflects its strategic focus on hybrid and storage-integrated renewable energy projects. This aligns with India’s broader goal of achieving 500 GW of non-fossil fuel capacity by 2030. The group’s previous projects, including a 300 MW solar plus storage initiative with NHPC, demonstrate its capability in executing large-scale renewable energy projects with integrated storage solutions. Furthermore, BC Jindal Group plans to establish a 2 GW solar cell and module manufacturing facility in Maharashtra by September 2026. This move aims to mitigate supply chain risks and reduce project costs by controlling upstream manufacturing capabilities, in line with the government’s ‘Atmanirbhar Bharat’ initiative.
While the awarded tariff of ₹5.07/kWh is competitive, it is higher than recent solar and wind tariffs, reflecting the added costs of firming power. BC Jindal must ensure operational efficiencies to maintain profitability, especially if Distribution Companies (DISCOMs) push for lower tariffs in the future. The integration of battery energy storage systems (BESS) is crucial in addressing peak demand and intermittency, aligning with India’s push for 500 GW of non-fossil fuel capacity by 2030. However, the execution of RTC projects involves complexities, including the integration of multiple technologies and robust grid connectivity. Timely project commissioning is essential to meet the tight timelines associated with SECI tenders.
In conclusion, BC Jindal Group’s 150 MW RTC project win marks a significant step in India’s renewable energy journey. By focusing on hybrid and storage-integrated projects, the group is contributing to a sustainable and reliable energy future, aligning with the nation’s clean energy goals.
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