Reliance Power to Develop 500 MW Solar Project in Bhutan with DHI
The project entails a capital outlay of up to INR 2,000 crores under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date.
May 19, 2025. By News Bureau
This groundbreaking initiative is expected to play a pivotal role in advancing regional clean energy integration, and enhancing cross-border infrastructure collaboration across South Asia.
Reliance Power and DHI will jointly develop Bhutan’s largest solar power project through a 50:50 venture, with an installed capacity of 500 MW. The project entails a capital outlay of up to INR 2,000 crores under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date.
This milestone transaction highlights Reliance Power’s continued focus on capital deployment into high-impact, long-duration clean energy assets, while strengthening its strategic positioning in the regional power infrastructure space.
Reliance Power has commenced the Engineering, Procurement, and Construction (EPC) tendering process, adhering to international competitive bidding standards to ensure optimal technical execution and cost efficiency. The company has also initiated engagement with leading financial institutions to structure sustainable, long-tenor project finance solutions, focused on optimizing capital structure and enhancing overall financing efficiency.
The landmark solar investment in Bhutan underscores Reliance Group’s strategic focus on expanding its renewable energy portfolio, while reinforcing its long-term commitment to strengthening India-Bhutan economic cooperation. Reliance Power’s total clean energy pipeline stands at 2.5 GWp solar and >2.5 GWhr BESS, making it India’s largest player in the integrated Solar + BESS segment.
The project will be implemented in phased tranches over the next 24 months, closely aligned with Bhutan’s strategic sustainability framework, and broader regional energy transition agenda across South Asia. The project is expected to redefine Bhutan’s solar generation capacity, surpassing all current solar installations. This initiative is poised to significantly diversify Bhutan’s renewable energy portfolio beyond hydropower and enhance grid stability and integration.
please contact: contact@energetica-india.net.
Jinto Joseph
Head - Sales & Marketing
Credence Solar Sets 2026 Target for 1.2 GW TOPCon Cell Line to Boost DCR Compliance
Rene Leven
Segment Leader Hydrogen and CCUS, New Energy Solutions
Powering the Energy Transition: John Crane Supports Hydrogen-Ready Infrastructure
Shubham Tiwari
Key Account Manager
Localised Strategy Fuels Sungrow’s Global Expansion in Solar and Storage Markets
Avantika Gupta
CEO
Energy with Vision: CEO Avantika Gupta on Innovation at OPG Power Generation
Vasudha Madhavan
Founder & CEO
Ostara Advisors: De-Risking India’s EV Battery Startups Through Tech Rigor & Market Validation