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JSW Renew Signs 250 MW/500 MWh BESS Deal with Rajasthan Utility

JSW Renew Energy Thirty Seven Ltd., a subsidiary of JSW Energy Ltd., has signed Battery Energy Storage Purchase Agreements (BESPAs) 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 (BOO) model in Rajasthan.

The 12-year agreement is set at a tariff of Rs2.24 lakh/MW/month and is supported by viability gap funding (VGF), helping improve the economic feasibility of the project. This deal contributes to JSW Energy’s growing energy storage portfolio, which now includes 2.9 GWh of BESS and 26.4 GWh of pumped hydro storage (PHS), taking its total committed energy storage capacity to 29.3 GWh.

JSW Energy is on track to achieve its strategic target of 40 GWh of energy storage capacity by 2030, aligning with India's increasing demand for grid stability solutions amid rising renewable energy penetration. The project with RVUNL is one of the largest utility-scale BESS initiatives in the country and is expected to play a vital role in enhancing grid flexibility and reliability in Rajasthan.