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JSW Energy Secures 25-Year BESCOM Deal for Solar-Battery Hybrid Project in Karnataka – EQ

JSW Energy Secures 25-Year BESCOM Deal for Solar-Battery Hybrid Project in Karnataka – EQ

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In Short : JSW Energy, through its arm JSW Renew Energy Forty Five, signed a 25-year power purchase agreement with BESCOM for a 100 MW solar project with 100 MWh battery storage in Karnataka’s Kalaburagi district. The tariff is set at ₹4.31/kWh. This brings JSW’s total locked-in energy storage capacity to 29.4 GWh, supporting its 40 GWh target by 2030.

In Detail : JSW Energy has entered into a long-term power purchase agreement with Bangalore Electricity Supply Company (BESCOM) for a solar power project in Karnataka. The agreement spans a duration of 25 years and marks a significant development in the company’s renewable energy portfolio.

The project, with a capacity of 100 megawatts, will be set up in the Kalaburagi district. It will be accompanied by a battery energy storage system (BESS) of 100 megawatt-hours, allowing for stable and reliable power delivery even during non-sunny hours.

The tariff for the power generated from this project has been fixed at ₹4.31 per kilowatt-hour. This competitive rate reflects the growing cost efficiency of solar power combined with battery storage technology.

JSW Energy, through its subsidiary JSW Renew Energy Forty Five, is leading the project’s implementation. The signing of this agreement demonstrates the company’s ongoing commitment to expanding its presence in the clean energy sector.

With this agreement, JSW Energy’s total committed energy storage capacity has now reached 29.4 gigawatt-hours. The company aims to scale this to 40 gigawatt-hours by the year 2030, aligning with its long-term decarbonization goals.

Battery storage is becoming increasingly crucial in India’s renewable energy plans, enabling better grid stability and peak-hour supply. JSW Energy’s move is in line with the national objective of integrating more renewable sources into the energy mix.

The Kalaburagi project is expected to significantly contribute to Karnataka’s renewable energy capacity and reduce dependence on fossil fuels. It also supports the state’s efforts to meet its clean energy obligations.

JSW Energy has been actively pursuing renewable energy projects across solar, wind, and hydro segments. The addition of battery storage to this solar project reinforces its strategy of integrating innovation with sustainability.

The company’s latest initiative further consolidates its role as a key player in India’s transition to a cleaner and more resilient energy future. The project will also generate employment and contribute to local development in the Kalaburagi region.

Anand Gupta Editor - EQ Int'l Media Network