In a strategic push toward clean energy and grid stability, JSW Renew Energy Thirty Seven Ltd, a step-down subsidiary of JSW Energyhas inked a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a 250 MW/500 MWh standalone battery energy storage system (BESS).
The project will be developed under a build, own, and operate model in Rajasthan. As part of the 12-year agreement, RVUNL will procure energy storage services at a tariff of ₹2,24,000 per MW per month, supported through viability gap funding to enhance cost viability for the grid.
With this addition, JSW Energy’s total committed energy storage capacity has risen to 29.3 GWh, including 2.9 GWh of BESS and 26.4 GWh of pumped hydro storage. According to the company’s press release, this positions JSW Energy firmly on course to achieve its 40 GWh storage capacity target by 2030.
Energizent Power PPA
In a parallel development, Energizent Power, another subsidiary of JSW Energy, announced a 25-year power purchase agreement (PPA) with NHPC Ltd on June 25. The agreement covers 300 MW of solar-wind hybrid capacity under the inter-state transmission system (ISTS). The project will span Rajasthan and Andhra Pradesh, and is expected to be commissioned within 24 months at a tariff of ₹3.49/kWh.
JSW Energy is expanding its footprint rapidly across the renewable space with operations across steel, cement, infrastructure, and energy. The company is currently executing 12.8 GW of ongoing power projects, aiming for a total generation capacity of 30 GW by 2030.
Shares of JSW Energy Ltd ended at ₹526.10, up by ₹4, or 0.77%, on the BSE.
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First Published: Jul 1, 2025 5:48 PM IS
