ACME Solar, Patel Infra. Win NHPC’s 1 GWh Battery Energy Storage Auction
ACME Solar Holdings Ltd. and Patel Infrastructure Limited have won NHPC’s auction to set up intrastate transmission system-connected standalone Battery Energy Storage Systems (BESS) with a capacity of 500 MW/1,000 MWh in Andhra Pradesh.
ACME Solar has won a total storage capacity of 275 MW/550 MWh at two substations in Andhra Pradesh. The company has secured 225 MW/450 MWh storage capacity at a tariff of Rs. 2.22 lakh per MW per month for the Ghani substation and 50 MW/100 MWh at a tariff of Rs. 2.10 lakh per MW per month for the Kuppam substation.
Commenting on this win, Mr Rahula Kashyapa, Chief Commercial Officer of ACME Solar Holdings, said, “By deploying advanced storage technology at scale, we are proud to support Andhra Pradesh’s vision for sustainable growth and energy security”.
Patel Infrastructure has won 225 MW/450 MWh storage capacity at a tariff of Rs. 2.08 lakh per MW per month. This project will be developed at Jammalamadugu substation in Andhra Pradesh.
Developers of these projects will be eligible for a Viability Gap Funding (VGF) of either Rs. 27 lakh per MWh or 30% of the project cost, whichever is lower. As per the Central Electricity Authority’s (CEA) estimate, India would require about 37 GWh of battery energy storage capacity by 2027.
