Madhya Pradesh has achieved a major milestone in renewable energy with the country’s first solar-plus-storage project in Morena, which recorded a groundbreaking tariff of ₹2.70/kWh. This is the first time in India that a tariff below ₹3/kWh has been discovered for a firm and dispatchable renewable energy (FDRE) project. The auction, conducted by Rewa Ultra Mega Solar Limited (RUMSL), concluded after a rigorous 12-hour reverse auction process.

The Morena Solar Park will host two solar-plus-battery storage units, each with a capacity to supply 220 MW of power across three time periods. These include up to 220 MW during real-time solar generation, two hours of evening peak supply using solar-charged batteries, and two hours of morning peak supply using inexpensive grid power charged during late-night hours. The project ensures 95% annual availability of peak supply, a first in the country. Unlike earlier projects where peak capacity was lower than solar capacity, this project will deliver the same level of supply during both peak and non-peak hours.

The auction received strong global interest, with 16 companies participating and the bid capacity oversubscribed by nearly 10 times. Participants included prominent names such as Acme Solar, Adani Renewable, NTPC Renewable Energy, ReNew Solar, Engie Energy, AMPIN Energy, Apraava Energy, Goldi Solar, Dilip Buildcon, and Waaree Forever Energies.

CEIGALL India Limited emerged as the lowest bidder with a tariff of ₹2.70/kWh for one unit, while Acme Solar won the second unit with a tariff of ₹2.764/kWh. Together, they secured the 600 MW project, marking an important step for Madhya Pradesh in advancing its renewable energy capacity. The power generated will be procured by the state, making this project a benchmark for cost-effective, dispatchable clean energy in India.