JSW Energy Subsidiary to Build 250 MW Battery Storage for RVUNL

JSW Renew Energy Thirty Seven Limited, a step-down subsidiary of JSW Energy, has signed Battery Energy Storage Purchase Agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for a 250 MW / 500 MWh Standalone Battery Energy Storage System (BESS).

Project Details and Model

The BESS projects will be developed under a Build, Own, and Operate (BOO) model in Rajasthan, reinforcing JSW Energy’s focus on sustainable energy infrastructure. The agreement spans 12 years, with a tariff of ₹2,24,000 per MW per month, and is backed by viability gap funding to support the long-term viability of the project.

Strengthening Energy Storage Portfolio

With this addition, JSW Energy’s total locked-in energy storage capacity has reached 29.3 GWh, comprising 2.9 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. This marks significant progress toward the company’s strategic goal of achieving 40 GWh energy storage capacity by 2030.

JSW Energy Share Price Performance

On July 2, 2025, JSW Energy share price opened at ₹531.90, up from its previous close of ₹527.15. At 9:51 AM, the share price of JSW Energy was trading at ₹524.75, down by 0.46% on the NSE.

Also Read: JSW Energy Allots ₹250 Crore Worth of NCDs via Private Placement!

About JSW Energy Ltd

JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 23 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the value chains of power sector with diversified assets in power generation, and transmission.

Conclusion

This strategic partnership with RVUNL strengthens JSW Energy’s position in India’s energy transition landscape. The company continues to expand its clean energy footprint through innovative storage solutions, supporting grid reliability and renewable energy integration.

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