Mumbai, 19th April 2025: BluPine Energy, a leading renewable energy services company in India, through its Special Purpose Vehicle (SPV) Solarcraft Power India 17 Private Limited, has announced the signing of a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 150 MW solar project integrated with Energy Storage System (ESS) in the state of Rajasthan.
The agreement was formally signed as part of SECI’s initiative to procure 2,000 MW of power generated from ISTS-connected Solar Power Projects with 1,000 MW/4,000 MWh Energy Storage Systems.
The solar power project will be established in Bikaner district in Rajasthan. This project is part of India’s ambitious target to achieve 500 GW of non-fossil-based installed energy capacity by 2030.
“We are deeply committed to powering India’s decarbonization journey through reliable, round-the-clock renewable energy. The PPA with SECI highlights our ability to pivot with agility as India’s renewable powered grids become resilient. Our 150 MW solar project with integrated energy storage in Rajasthan is designed to deliver firm and dispatchable clean power—addressing intermittency and enhancing grid stability. By integrating cutting-edge solar technology with advanced storage solutions, we are not only meeting today’s energy demands but also shaping a sustainable energy future for India,” said Neerav Nanavaty, CEO, BluPine Energy.
The Ministry of Power’s mandate for energy storage integration in February 2025, is specifically designed to resolve intermittency issues and provide critical support during peak demand hours, ensuring grid stability, reliability, and optimal energy utilization.
The project was secured through SPV Solarcraft Power India 8 Private Limited during SECI’s competitive bidding process initiated under RfS No. SECI/C&P/IPP/11/0011/24-25 dated July 31, 2024.
