en.Wedoany.com Reported - Welspun New Energy Limited has recently signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 200 MW solar power project coupled with a 400 MWh Battery Energy Storage System. This marks the company's first PPA integrating storage facilities, reflecting the trend in India's renewable energy sector towards hybrid solutions.

The project capacity originates from an auction conducted by SECI last year, with a finalized tariff of ₹2.86 per kilowatt-hour. With the signing of this agreement, Welspun New Energy's total contracted capacity has increased to approximately 1.6 GWp. According to the tender specifications, each megawatt of solar capacity must be supported by at least 500 kW / 2 MWh of storage. The project can be built anywhere in India, provided it connects to the interstate transmission network.

Battery energy storage technology is expected to play a significant role in meeting India's growing electricity demand. Analysis shows that solar power combined with storage can cover up to 90% of the country's electricity demand, with a cost-competitive tariff of around ₹5.06 per kilowatt-hour. To address future demand, India is projected to require nearly 2,560 GWh of battery storage capacity. With electricity consumption exceeding 2,000 TWh in 2024, the increase in storage-supported renewable energy projects signifies a structural shift in the power system.

Welspun New Energy Limited is part of the diversified Welspun World group, focusing on large-scale renewable energy and green hydrogen projects. The group's business spans a wide range of sectors, including home textiles, steel pipes, building materials, infrastructure, and logistics. Last year, the company signed a Memorandum of Understanding worth ₹1,350 billion with the Odisha state government to develop renewable energy projects in the state. The agreement was signed in the presence of Chief Minister Mohan Charan Majhi during the 'Make in Odisha' conclave in 2025.

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