JSW Energy Subsidiary Signs 250 MW/500 MWh Battery Storage Deal with Rajasthan Government
JSW Energy's subsidiary, JSW Renew Energy Thirty Seven Ltd, has signed a battery energy storage purchase agreement with Rajasthan Vidyut Utpadan Nigam Limited for a 250 MW/500 MWh standalone battery system project in Rajasthan. The project will operate under a build, own, and operate model with a tariff of ₹2,24,000 per MW per month for 12 years. Additionally, another subsidiary, Energizent Power, has secured a 25-year Power Purchase Agreement with NHPC Ltd for 300 MW of solar-wind hybrid capacity at ₹3.49/kWh.

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JSW Energy , a leading player in the Indian power sector, has made significant strides in the energy storage domain. The company's subsidiary, JSW Renew Energy Thirty Seven Ltd, has recently signed a battery energy storage purchase agreement with Rajasthan Vidyut Utpadan Nigam Limited (RVUNL) for a substantial 250 MW/500 MWh standalone battery system project in Rajasthan, marking a pivotal development in the state's renewable energy landscape.
Project Details
The agreement, signed between JSW Energy's subsidiary and RVUNL, focuses on a 250 MW/500 MWh standalone battery storage project. This move is seen as a strategic step towards enhancing the integration of renewable energy sources in the state's power grid. The project will operate under a build, own, and operate model with a tariff of ₹2,24,000 per MW per month for a duration of 12 years.
Implications for Renewable Energy
Battery storage systems play a crucial role in managing the intermittency of renewable energy sources such as solar and wind power. By providing a means to store excess energy during peak generation periods and release it during high demand or low generation times, these systems contribute to grid stability and reliability.
JSW Energy's Strategic Moves
This agreement underscores JSW Energy's commitment to diversifying its portfolio and capitalizing on the growing demand for energy storage solutions. In addition to the battery storage deal, another JSW Energy subsidiary, Energizent Power, has secured a 25-year Power Purchase Agreement (PPA) with NHPC Ltd for 300 MW of solar-wind hybrid capacity at ₹3.49/kWh. These developments highlight the company's focus on expanding its presence in various renewable energy segments.
Rajasthan's Green Energy Push
For Rajasthan, known for its significant solar power potential, this battery storage project could be a game-changer. It has the potential to enhance the state's ability to harness and efficiently utilize its renewable energy resources, potentially leading to a more stable and sustainable power supply.
Looking Ahead
The battery storage project and the solar-wind hybrid PPA are expected to positively impact JSW Energy's position in the evolving energy market. As these projects progress, it will be interesting to observe their effects on both the company's growth trajectory and India's renewable energy capabilities.
These strategic moves by JSW Energy align with the broader national goal of increasing renewable energy capacity and improving grid stability, potentially setting a precedent for similar projects across India.
Historical Stock Returns for JSW Energy
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.97% | +4.41% | +5.95% | -18.18% | -29.73% | +979.12% |