India’s Gensol wins 250 MW/500 MWh standalone battery storage tender

Gensol Engineering Ltd has won GUVNL’s 250 MW/ 500 MWh standalone BESS tender (Phase III). This marks its yet another win for the EPC developer in the battery storage space after securing 70 MW in GUVNL’s Phase II 250 MW/500 MWh standalone BESS tender in March this year.

The company won the latest GUVNL BESS tender by quoting a price of INR 3.72 lacs ($4,452 )/MW/month, which is 17% lower than INR 4.49 lacs/MW/month winning bid in GUVNL’s 250 MW/500 MWh standalone battery energy storage auction in March.

“This price is without the support of Viability Gap Funding (VGF). With Solar Energy Corp. of India (SECI) already releasing Notice Inviting Tenders (NIT) for the first standalone BESS project under VGF scheme, the future looks super promising and exciting for batteries in India,” remarked Debmalya Sen, India Lead – Advanced Energy Solutions, World Economic Forum.

GUVNL will enter into a battery energy storage purchase agreement with the winning developer, Gensol.

Gensol will set up the BESS on a build-own-operate (BOO) basis, with the primary objective of making the energy storage facility available to GUVNL for charging/discharging on demand.