JSW Energy Limited (ISIN: INE121E01018) has announced a significant development in its renewable energy portfolio. The company's step-down subsidiary, JSW Renew Energy Forty Five Limited, has entered into a long-term agreement with Bangalore Electricity Supply Company (BESCOM) for a solar power project with battery storage capabilities.

Key Details of the Agreement

• Project Scope: 100 MW solar project with 100 MWh Battery Energy Storage System (BESS)
• Location: Kalaburagi district, Karnataka
• Grid Connection: 220/400 kV KPTCL Firozabad substation
• Contract Duration: 25 years
• Tariff: ₹4.31 per kWh

Impact on JSW Energy's Storage Capacity

Following this agreement, JSW Energy's total locked-in energy storage capacity has reached 29.4 GWh. This capacity is comprised of:

• 3.0 GWh of battery storage
• 26.4 GWh of pumped hydro storage

The company has set a target of achieving 40 GWh of energy storage capacity by 2030, and this latest agreement brings them closer to that goal.

Strategic Importance

This Power Purchase Agreement (PPA) represents a significant step in JSW Energy's commitment to renewable energy and grid stability. The integration of battery storage with solar power generation addresses one of the key challenges in renewable energy - intermittency. By incorporating a 100 MWh BESS, the project can store excess energy during peak generation hours and supply it during periods of high demand or low solar generation.

Company's Growth Trajectory

JSW Energy has been on a robust growth path since its inception. From its first 2x130 MW thermal power plants commissioned in 2000 at Vijayanagar, Karnataka, the company has expanded its power generation capacity to 12.8 GW. Currently, JSW Energy is constructing various power projects totaling 12.5 GW, aligning with its vision to achieve a total power generation capacity of 30 GW by 2030.

Conclusion

This latest agreement underscores JSW Energy's commitment to sustainable power generation and its strategic focus on renewable energy with storage solutions. As the company continues to diversify its assets across the power sector value chain, such projects are likely to play a crucial role in India's transition towards a greener energy future.

Note: The information in this article is based on the company's official press release dated July 24, 2025, and does not include any forward-looking statements or predictions about the company's future performance.

JSW Energy , a prominent player in the Indian power sector, faced a setback as the Supreme Court ruled in favor of the Himachal Pradesh government in a dispute over free power supply involving its subsidiary. The case, which centered around the obligation of free power supply, has significant implications for the company's operations in the state.

Key Highlights of the Supreme Court Decision

• The Supreme Court allowed the appeal filed by the State of Himachal Pradesh against JSW Hydro Energy Limited (JSWHEL), a material step-down subsidiary of JSW Energy.
• The court set aside the previous judgment of the Himachal Pradesh High Court, which had capped the free electricity supply to the home state at 13%.
• The Supreme Court's decision upholds the original requirement of 18% free power supply as mentioned in the Implementation Agreement.

Background of the Dispute

The legal battle stemmed from a disagreement over the quantum of free power that JSW Energy's subsidiary was obligated to supply to Himachal Pradesh. The case had previously been heard by the Himachal Pradesh High Court, which had ruled in favor of JSW Hydro Energy Limited, reducing the free power supply obligation from 18% to 13%.

Implications for JSW Energy

This ruling is expected to have financial implications for JSW Energy and its subsidiary. The company will now be required to supply a higher percentage of free power to the state of Himachal Pradesh, potentially impacting its revenue from power generation projects in the region.

Company's Disclosure

In compliance with regulatory requirements, JSW Energy Limited disclosed this material litigation update to the stock exchanges. Monica Chopra, Company Secretary of JSW Energy, signed the official communication informing stakeholders about the Supreme Court's decision.

Conclusion

The Supreme Court's ruling marks a significant development in the ongoing dialogue between power producers and state governments regarding energy agreements. It underscores the importance of adhering to original contractual obligations in the power sector, potentially setting a precedent for similar cases in the future.

Investors and stakeholders of JSW Energy will be closely watching how this decision affects the company's financial performance and its relationships with state governments in other power projects.