The Energy Storage Report 2024

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India: JSW Renew Energy Five signs PPA for first of two 250MW/500MWh BESS projects


JSW Renew Energy Five – a wholly owned subsidiary of JSW Neo Energy – has signed a power purchase agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for the first of two 250MW/500MWh battery energy storage system (BESS) projects.

The agreement will see JSW Energy Limited – the parent company of JSW Renew Five – paid for 60% of the project’s total capacity (150MW/300MWh) for 12 years at a monthly fixed capacity charge of INR108,400 (US$1,310) per MW.

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Government-owned SECI is expected to start receiving the agreed power supply within 18 months.

The remaining 100MW/200MWh will be managed by JSW Energy Limited.

This project forms part of a pair that JSE Renew Energy Five successfully bid for at the beginning of last year during SECI’s pilot tender for two equally sized BESS projects totalling 500MW/1,000MWh.

These are to be installed at adjacent sites, connected to India’s Inter-State Transmission System via a substation in Fatehgarh, Uttar Pradesh.

As reported by the tender proved popular with 10 hours of bidding reported before the subsidiary of Indian conglomerate JSW Group won with a reverse auction bid of INR1,083,500 (US$13,590 at the time) per megawatt.

JSW Energy has reported a “locked-in” energy storage capacity of 3.4GWh in India, split between battery energy storage and pumped hydro as it works towards its target of 40GWh of storage capacity before 2030.’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

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