Amara Raja Infra (ARIPL), a subsidiary of battery maker Amara Raja Group, has secured the balance of system (BoS) supply contract for a 500 MW solar power project in Andhra Pradesh’s Kurnool district from renewable energy company Greenko.

The project, spanning over 2,200 acres near Uyyalavada town, would be ARIPL’s largest contracted solar capacity project to date. The scope of work involves engineering, procurement, and construction of the entire BoS for the 500 MW solar project, which comes under Greenko’s integrated solar, wind, and pumped storage project.

The companies did not disclose the final contract value.

The solar project is a part of Solar Energy Corporation of India’s (SECI) 1.2 GW of solar, wind, and energy storage projects that Greenko won back in January 2020. Greenko was awarded 900 MW at a peak power tariff rate of ₹6.12 (~$0.086)/ kWh.

“This project is a testament to our efforts in the renewable energy space and the credibility we enjoy with major customers like Greenko,” said Vikramadithya Gourineni, Executive Director of ARIPL, adding that the company has been able to scale significantly in a short amount of time.

The company claims this project will help boost its revenue of ₹17.56 billion (~$210 million) for the financial year 2024.

ARIPL has a 2 GW solar portfolio and has evacuated over 7 GW of renewable energy through substations and lines constructed over the last five years. Its order book stands at ₹32.32 billion (~$389 million) in financial year 2024.

Greenko has a 6.8 GW operating capacity, constituting solar, wind, and hydropower projects across India.

In August 2019, SECI issued the tender for setting up 1.2 GW of renewable projects connected with the ISTS and with a guaranteed peak power supply (ISTS-VII). Projects were expected to have at least two components – an energy storage system component and a renewable energy generating component.

Last year, public infrastructure finance company REC Limited approved a funding of ₹60.75 billion (~$730.8 million) for Greenko to develop a 1,440 MW standalone pumped storage project.

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