India's GUVNL allocates 250 MW/500 MWh of storage at $5,429/MW per month

Gujarat Urja Vikas Nigam Ltd. (GUVNL) has allocated 250 MW/500 MWh of storage at $5,429/MW per month. The winning developers must have track records of installing battery energy storage systems (BESS) in India, to make them available to GUVNL for charging/discharging on an "on-demand" basis. From pv magazine India GUVNL has concluded its 250 MW/500 MWh standalone battery energy storage tender at a tariff of around $5,429/MW per month - 58% lower than the monthly tariff reached in Solar Energy Corporation of India's (SECI) 500 MW/1000 MWh auction in 2022. Gensol won 70 MW by quoting the lowest ...

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