JSW Energy Subsidiary Signs 25-Year PPA with BESCOM for 100 MW Solar Project with Battery Storage
The signing of a 25-year PPA for a 100 MW solar project with battery storage represents a substantial long-term revenue stream and a major step towards the company's ambitious energy storage targets, significantly impacting future growth and market position.
The company's subsidiary secured a significant 25-year Power Purchase Agreement for a 100 MW solar project with battery storage, contributing to its energy storage capacity and progress towards its 2030 targets.
* JSW Renew Energy Forty Five Limited, a step-down subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company (BESCOM). * The PPA is for a grid-connected 100 MW Solar Project with a 100 MWh Battery Energy Storage System (BESS). * The project will be developed at a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. * The agreement is for a tenure of 25 years at a tariff of ₹4.31 per kWh. * Subsequent to this agreement, JSW Energy's total locked-in energy storage capacity now stands at 29.4 GWh, which includes 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. * The company is well-positioned to achieve its target of 40 GWh of energy storage by 2030.
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JSW Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Energy Limited. Read the original for the full detail.