Key Takeaways
- JSW Energy’s subsidiary has signed a 25-year Power Purchase Agreement with BESCOM for a 100 MW solar project.
- The project includes a Battery Energy Storage System with a capacity of 100 MWh and will be connected to the KPTCL Firozabad substation.
- JSW Energy aims to reach a total energy storage capacity of 40 GWh by 2030.
JSW Energy Signs PPA for Solar Project
JSW Energy has announced that its step-down subsidiary, JSW Renew Energy Forty Five, has signed a Power Purchase Agreement (PPA) with the Bangalore Electricity Supply Company (BESCOM) for a 100 MW solar project. This PPA is set for a duration of 25 years, with a defined tariff of Rs 4.31 per kilowatt-hour (kWh).
The solar project will feature a 100 MWh Battery Energy Storage System (BESS) and will be situated at a designated site, connecting directly to the 220/400 kV KPTCL Firozabad substation located in Kalaburagi district. This strategic setup is part of JSW’s wider commitment to renewable energy and energy storage solutions.
With this new agreement, JSW Energy’s total locked-in energy storage capacity now stands at 29.4 GWh. This figure includes 3.0 GWh from its current BESS and 26.4 GWh from its Pumped Hydro Storage initiatives. The company is actively paving the way to meet its ambitious target of expanding its total energy storage capacity to 40 GWh by the year 2030, positioning itself as a key player in the growing renewable energy sector.
JSW Renew Energy’s projects are designed to enhance energy reliability and sustainability, meeting both current and future energy demands in a clean, efficient manner. The new solar initiative reinforces JSW Energy’s commitment to investing in renewable technology and contributing to India’s energy transition goals.
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