Advait Energy Transitions Ltd announced on Wednesday, January 8, the receipt of a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 50 MW/500 MWh segment of the ambitious 500 MW/1000 MWh Standalone Battery Energy Storage System (BESS) project in Gujarat. This development marks a significant milestone in the advancement of energy storage solutions in the region.
As per the regulatory filing, the project falls under GUVNL’s Tariff-Based Global Competitive Bidding (Phase-IV) initiative, supported by Viability Gap Funding. Advait Energy Transitions will undertake the development of a 50 MW standalone BESS to bolster Gujarat’s power grid, enhancing its energy storage capacity and operational efficiency. The project aligns with broader efforts to integrate sustainable energy solutions into the state’s power infrastructure.
The 50 MW BESS component is set to be completed within an 18-month timeline, underscoring Advait Energy Transitions’ commitment to delivering cutting-edge energy storage projects. This initiative represents a critical step towards meeting the growing demand for reliable and scalable energy storage systems in India’s rapidly evolving energy sector.
Advait Energy is an emerging player in the renewable energy sector, committed to driving the transition toward sustainable and clean energy solutions. Focused on harnessing the power of solar, wind, and other renewable sources, Advait Energy delivers innovative energy projects and services to meet the growing demand for green energy. The company is dedicated to integrating advanced technologies to optimize energy production and storage, ensuring reliability and efficiency.
With a vision of creating a sustainable future, Advait Energy emphasizes environmental stewardship, social responsibility, and economic development. By fostering partnerships and investing in scalable projects, the company aims to contribute significantly to reducing carbon footprints and advancing renewable energy adoption across industries and communities.
