JSW Energy bags ₹444 crore battery storage order from Bondada Renewable

JSW Energy bags ₹444 crore battery storage order from Bondada Renewable


JSW Energy Ltd. on Friday said its step-down wholly owned subsidiary, JSW Energy PSP Eleven Ltd. (JEPEL), has secured orders worth ₹443.74 crore from Bondada Renewable Energy Pvt. Ltd., a wholly owned subsidiary of Bondada Engineering Ltd., for the supply of Battery Energy Storage Systems (BESS) and Power Conversion System (PCS) solutions.

The order comprises 200 MW/400 MWh of battery energy storage systems, according to the company’s exchange filing. JEPEL operates a 5 GWh per annum battery assembly plant in Pune.

The company said the order marks another step in its expansion into the energy storage segment, as battery storage gains importance in supporting grid stability, peak load management, renewable energy integration and round-the-clock power supply.

JSW Energy currently has a locked-in generation capacity of 32.1 GW, including 14.53 GW operational, 13 GW under construction, and a 4.6 GW pipeline.

Its locked-in energy storage capacity stands at 29.6 GWh, comprising 26.4 GWh of pumped hydro storage and 3.2 GWh of battery energy storage systems. The company is targeting 30 GW of generation capacity, 40 GWh of energy storage capacity by 2030, and carbon neutrality by 2050.

Earlier on July 8, company had informed that it has commissioned 1,081 MW of renewable energy capacity since April 2026, taking its total installed capacity to 14,535 MW. The newly commissioned capacity includes 442 MW of solar, 108 MW of wind, 381 MW of hybrid and 150 MW of hydro power projects.

Following the latest capacity addition, renewable energy accounts for 61% of JSW Energy’s total installed capacity. Its renewable portfolio comprises 3,764 MW of wind, 2,500 MW of solar, 832 MW of hybrid and 1,781 MW of hydro assets. The company’s thermal power portfolio stands at 5,658 MW, taking its total installed capacity to 14,535 MW.

Shares of JSW Energy Ltd ended higher on Friday, gaining 3.70% to close at ₹553.20 on the NSE. The stock rose ₹19.75 during the session.

Also Read: Fino Payments Bank June Update: New accounts surge 31%, loan referral jump 3.5x



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *