This marks Sembcorp’s first hybrid solar and battery storage project in India, which will be managed by its subsidiary, Sembcorp Green Infra Private Limited.
SECI has issued a Letter of Award (LOA), allowing Sembcorp to construct and operate the facility. The project is expected to be completed within 24 months after signing a Power Purchase Agreement (PPA) with SECI.
Once operational, the battery system will provide electricity on demand for up to four hours, helping to manage peak electricity needs.
This project is a significant milestone for Sembcorp as it steps into India’s battery energy storage market. It also supports India’s renewable energy goals, which focus on increasing the use of green energy and reducing carbon emissions.
The hybrid project integrates solar power generation with energy storage, improving the reliability and efficiency of renewable energy systems.
The contract is part of SECI’s larger goal to develop 2 gigawatts (GW) of solar power paired with 4 gigawatt-hours (GWh) of battery storage across India.
These projects are essential for ensuring renewable energy can be supplied when it’s most needed, especially during peak electricity demand.
By combining solar energy with battery storage, Sembcorp aims to help stabilize the power grid and provide cleaner energy options for consumers.
Sembcorp has already built a strong presence in India’s renewable energy sector, with a total capacity of nearly 6 GW from its various projects.
The company plans to fund this new project using a mix of internal resources and debt, ensuring it maintains financial stability while delivering on its commitments.
This development also highlights the growing competition in India’s renewable energy market. With major players like Reliance Power also competing for similar contracts, the sector is evolving quickly.
Industry experts believe this competition will drive innovation and make renewable energy more affordable for consumers as companies strive to offer efficient and cost-effective solutions.
Additionally, this project reflects a broader trend in India where government tenders, such as those from SECI, are shaping the energy storage market.
These tenders push companies to bid competitively, which can lower project costs. However, some analysts warn that delivering projects at these low prices could be challenging for developers trying to stay within budget.
Sembcorp’s win for this solar-plus-storage project is a major step forward for the company and India’s renewable energy goals.
As the country continues to invest in sustainable energy solutions, projects like this will play a vital role in moving toward a greener future.
By combining solar power with battery storage, Sembcorp is setting an example for other companies looking to support India’s clean energy goals while meeting the growing demand for electricity.
