JSW Energy Signs 25-Year PPA with BESCOM for 100MW Solar + Battery Storage Project

JSW Renew Energy Forty Five, a subsidiary of JSW Energy, has entered into a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for a 100 MW solar project integrated with a 100 MWh Battery Energy Storage System (BESS). 

Project Details

• The project will be located in Kalaburagi district, Karnataka.
• It will be connected to the 220/400 kV KPTCL Firozabad substation.
• The PPA has a 25-year term with a fixed tariff of ₹4.31 per unit (kWh).

Boost to Energy Storage Capacity

With this new project, JSW Energy’s total committed energy storage capacity has reached 29.4 GWh. This includes:

• 3.0 GWh of battery storage (BESS)
• 26.4 GWh from pumped hydro storage

On Track for 2030 Energy Storage Goal

JSW Energy is steadily moving toward its goal of achieving 40 GWh of energy storage capacity by the year 2030.

Read More: Britannia flags weak demand, rising input costs despite FY25 revenue growth.

About JSW Energy Ltd

JSW Energy Ltd, along with its subsidiaries, is mainly involved in generating electricity through its power plants located in Karnataka, Maharashtra, Nandyal, and Salboni. It serves as the flagship entity for the JSW Group’s power operations. Additionally, the company has a joint venture focused on mining and an associate company involved in turbine manufacturing.

JSW Energy Share Price Movement

As of 10:23 AM, July 24, 2025, JSW Energy share price (NSE: JSWENERGY) is trading at ₹532.75 with a market capitalisation of ₹92,930 crore. The stock has a P/E ratio of 47.64 and offers a quarterly dividend of ₹0.51, translating to a dividend yield of 0.38%. It has touched a 52-week high of ₹804.90 and a low of ₹418.75.

Conclusion

This agreement strengthens JSW Energy’s renewable energy portfolio and supports India’s shift toward sustainable power solutions. The addition of battery storage enhances grid stability and ensures better energy management in the future.

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