Anil Ambani-owned Reliance Power’s subsidiary Reliance New Energy Suntech has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The company shared this update in a stock exchange filing on Friday. As part of the agreement Reliance will supply 930 MW of solar power along with a 465 MW/1860 MWh Battery Energy Storage System (BESS). This makes it the largest single-location solar-plus-storage project in all of Asia. Following the news Reliance Power’s shares saw a jump of over 3 per cent on Friday trading at Rs. 41.31 on the Bombay Stock Exchange (BSE). Reliance power to invest Rs. 10000 crore in Asias largest solar-storage project Reliance New Energy Suntech a subsidiary of Anil Ambani-led Reliance Power is set to invest up to Rs. 10000 crore over the next 24 months to develop a massive solar-plus-battery energy storage project. The project includes 930 MW of contracted solar power supply supported by a 465 MW/1860 MWh Battery Energy Storage System (BESS). Power will be delivered at a fixed tariff of Rs. 3.53 per kWh. To meet this capacity the company will install over 1700 MWp of solar generation capacity. Reliance Power has already submitted a performance bank guarantee of Rs. 378 crore to the Solar Energy Corporation of India (SECI). Reliance power shares soar over 1600 per cent in 5 years Reliance Power’s stock has seen a sharp rally in the last few years. From trading at just Rs. 2.38 on April 30 2020 the stock climbed to Rs. 41.31 by May 2 2025 — marking a massive gain of 1630 per cent in five years. Here’s a look at the stock performance: 4 years: +750 per cent 3 years: +190 per cent 2 years: +240 per cent 1 year: +53 per cent The 52-week high for Reliance Power stock is Rs. 54.25 while the 52-week low stands at Rs. 23.26.