Global Infrastructure SherpaRajasthan Electricity Regulatory Commission approves 500 MW / 2000 MWh standalone Battery Energy Storage System project in Rajasthan
The Rajasthan Electricity Regulatory Commission has approved a 500 MW / 2000 MWh standalone Battery Energy Storage System project in Rajasthan, supported by the Government of India's funding scheme. This project, involving six successful bidders, aims to enhance grid stability and boost renewable energy integration in the state.
Counterparts (2)
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- 500 MW / 2000 MWh standalone BESS capacity
- Government of India funding scheme support
- Six successful bidders involved
- Approved by Rajasthan Electricity Regulatory Commission on March 11, 2026
Source Intelligence
The project will be implemented under the Build-Own-Operate (BOO) model. It will receive financial assistance under the Government of India’s Viability Gap Funding (VGF) scheme, which provides financial support of up to ₹18 lakh per MWh of storage capacity. RVUNL conducted a global competitive bidding process, attracting 27 companies, with six emerging as successful bidders. Patanjali Ayurved Limited secured the largest share of the project with a capacity allocation of 250 MW. The project aims to help Rajasthan meet its Energy Storage Obligation (ESO) targets, which start at 1.5 percent in 2024-25 and are expected to increase to 4 percent by 2030.
"The Rajasthan Electricity Regulatory Commission (RERC) has issued an important order approving the adoption of tariffs"
"The petition for the project was filed by Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL)."
"the project will receive financial assistance under the Government of India’s Viability Gap Funding (VGF) scheme."
"The companies that secured the contracts include M/s Ultra Vibrant Solar Energy Private Limited"
"M/s Rama Reflection India Private Limited"
"M/s Patanjali Ayurved Limited"
"M/s Mecpower Solutions Limited"
"M/s Bhagwati Lacto Vegetarian Exports Private Limited"
"and M/s Diwakar Renewable & Infra Private Limited."
Timeline
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