JSW Energy Secures 25-Year PPA for 100 MW Solar + 100 MWh BESS Project in Karnataka

Mumbai, July 24, 2025 – JSW Energy Limited (NSE: JSWENERGY, BSE: 533148), through its step-down subsidiary JSW Renew Energy Forty Five Limited, has signed a 25-year PPA for a 100 MW solar project with 100 MWh battery storage in Karnataka. The development signals continued progress on the company’s clean energy portfolio expansion and long-term storage commitments.

The project strengthens JSW Energy’s storage-led renewable strategy. With grid integration, battery capacity, and regulatory compliance in place, the deal reinforces the company’s position in utility-scale dispatchable renewables. It also supports its goal of reaching 40 GWh in energy storage capacity by 2030.

Market Movement

As of 11:52 IST on July 24, 2025, JSW Energy was trading at ₹529.20, down 0.87% from the previous close. The stock hit an intraday high of ₹537.00 and low of ₹528.70. VWAP stood at ₹531.96, with 18.58 lakh shares traded and turnover at ₹98.84 crore.

Key Project Details

The newly signed 100 MW solar project with 100 MWh Battery Energy Storage System (BESS) will be located in Kalaburagi, Karnataka, and connected to the 220/400 kV KPTCL Firozabad substation. The project has a 25-year PPA with BESCOM at a fixed tariff of ₹4.31 per kWh.

Key Project Highlights:

• Installed Capacity: 100 MW solar with 100 MWh BESS
• Buyer: Bangalore Electricity Supply Company (BESCOM)
• Seller: JSW Renew Energy Forty Five Ltd (subsidiary of JSW Energy)
• Tenure: 25 years
• Grid Connectivity: 220/400 kV KPTCL Firozabad substation

The agreement takes JSW Energy’s total committed energy storage portfolio to 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of pumped hydro storage. The company continues to pursue its 2030 target of reaching 40 GWh in total energy storage capacity.

Legal Compliance

The company executed the agreement in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the project formally signed under Regulation 30, which mandates timely disclosure of material events.

Outlook

The project award highlights JSW Energy’s execution capability in large-scale solar and storage integration. Market reaction reflects near-term consolidation. Continued progress on pipeline delivery and energy storage expansion could serve as catalysts for valuation support and longer-term rerating.

Company Background

Founded in 2000, JSW Energy Limited is a flagship energy arm of the diversified USD 23 billion JSW Group. The company operates 12.8 GW of power generation capacity, spanning thermal, hydro, and renewable sources. It also has 12.5 GW of projects under construction, with a long-term goal to scale up to 30 GW by FY30.JSW Energy maintains a strong emphasis on corporate governance, disciplined capital allocation, and sustainability. Its integrated approach to generation, transmission, and storage infrastructure positions it as a pivotal player in India’s energy transition journey.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/3bc01756-5646-42b5-9616-2838bc8a4ce3.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations