Project to combine solar, wind and battery storage
The project will be developed under the Firm and Dispatchable Renewable Energy (FDRE) model, which is designed to provide renewable power when required.
Essar said the project will combine solar, wind and battery storage to help deliver a more reliable supply of renewable electricity.
Srinivasan Vaidyanathan, Operating Partner – Infrastructure, Essar Group, said India’s growing energy needs will require a reliable and sustainable energy system.
“As India advances towards the vision of Viksit Bharat, building a reliable and sustainable energy ecosystem will be critical to supporting its ambitions,” he said.
Vaidyanathan added that Essar’s experience in the energy sector and focus on new technologies would help it participate in India’s next phase of energy growth.
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Ankur Kumar, CEO, Essar Power, said the company is looking to build a portfolio across solar, wind and battery storage.
“The 300 MW FDRE project with NHPC is an important milestone in this journey,” Kumar said, adding that it would strengthen the company’s renewable energy portfolio.
Essar targets 5 GW energy portfolio
The 300 MW project is part of Essar Power’s plan to build an energy portfolio of around 5 GW across renewable, thermal and gas-based power generation.
Essar Renewables has already secured three major renewable energy tenders from central public sector undertakings NHPC and SJVN, with an aggregate awarded capacity of around 1 GW.
NHPC, a Navratna company under the Ministry of Power, is India’s largest hydropower development organisation. It has also expanded into solar and wind energy.
Essar Power said its broader energy strategy is focused on combining renewable energy and emerging clean energy solutions with conventional power generation. The company said these investments are aimed at supporting energy security and grid reliability as electricity demand rises across India’s industrial and urban centres.
The projects also align with India’s target of achieving 500 GW of renewable energy capacity by 2030.