en.Wedoany.com Reported - TRANSGREENX, an asset holding company under the Pace Group, has signed a power purchase agreement (PPA) with Bangalore Electricity Supply Company Limited to develop a 250 MW solar power plant at the Pavagada Solar Park in Karnataka, along with a 250 MW/1100 MWh battery energy storage system. Following the signing of the PPA for the solar-storage project, the project will enter the implementation phase.

The project was awarded by the Karnataka Renewable Energy Development Limited through a competitive bidding process. The Karnataka Electricity Regulatory Commission has approved a provisional tariff of INR 5.51 per kWh, with viability gap funding support, and a PPA term of 25 years. The storage component of the solar-storage project will store excess solar energy during the day and release it during peak demand hours, helping to enhance grid stability and renewable energy utilization efficiency. The project is expected to achieve commercial operation within 18 months of signing the PPA, with a total estimated cost of approximately INR 17.75 billion.

The Pace Group stated that the solar-storage project will enhance the flexibility of Karnataka's power system, providing dispatchable renewable energy to meet peak demand. As Indian states increase investments in storage to address the challenges of renewable energy grid integration, such integrated projects are seen as a key component of India's energy transition.

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