Pace Digitek Ltd has been awarded a major renewable energy project by Karnataka Renewable Energy Development Limited (KREDL) to develop a 250 MWAC Solar PV Project integrated with a 250 MW/1100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park. The Rs. 17,750 million project will be executed within 18 months and operate for 25 years.
Pace Digitek Ltd has achieved a significant breakthrough in India’s renewable energy sector with KREDL awarding the company a large-scale solar and storage project. The initiative is set to strengthen Karnataka’s clean energy infrastructure and contribute to India’s long-term sustainability goals.
Key Highlights
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The project involves a 250 MWAC Solar PV installation combined with a 250 MW/1100 MWh Battery Energy Storage System
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Estimated project cost stands at Rs. 17,750 million, inclusive of GST
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Execution timeline is 18 months from signing of the Power Purchase Agreement and Battery Energy Storage Purchase Agreement
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The plant will operate for 25 years under the terms of the Request for Selection and Power Purchase Agreement
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Tariff for the project is fixed at Rs. 5.51 per unit, ensuring cost-efficient renewable energy supply
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Awarded by Karnataka Renewable Energy Development Limited, a domestic entity driving renewable adoption in the state
This award positions Pace Digitek Ltd as a key player in advancing solar and storage solutions, reinforcing India’s renewable energy roadmap.
Sources: Karnataka Renewable Energy Development Limited (KREDL), Pace Digitek Ltd official announcement