NTPC Renewable Energy Limited (NTPC) has awarded Greenko Energies Pvt Ltd the contact to deploy 500 MW/3,000 MWh of battery energy storage systems (BESS) across India.

The systems will be developed under build-own-operate (BOO) public-private partnership model. The scope of the work includes the development of the interstate transmission system (ISTS)-connected battery facilities. Greenko will be awarded a 25-year energy storage service agreement on an annual fixed-charge basis with the NTPC subsidiary.

The company offered a bidding price of INR3.19 million/MWh/year (US$38,682 MWh/year) for the project.