Contract awarded for 500 MW/1,000 MWH standalone BESS project in India
JSW Energy has announced that its subsidiary, JSW Renew Energy Five Ltd. (JSWEL), has received letters of award (LoA) for 500 MW/1,000 MWh standalone battery energy storage systems from Solar Energy Corp. of India (SECI).
The project involves the construction of 500 MW/1,000 MWH standalone battery energy storage systems in India. The system consists of two projects of 250 MW/500 MWh capacity each. JSWEL is entitled to a fixed capacity fee of INR1.08 million (US$13,277) per MW per month for 12 years. JSWEL will manage 40% of the project capacity and SECI commitments are to be capped at 60%.
The project is a step towards energy security and stability of the Indian energy system. The project is in line with JSWEL's long-term strategy for the transition to the production of energy products and solutions.
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January 16, 2023
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