JSW Energy Secures ₹443 Crore Order for BESS and PCS Solutions from Bondada Renewable Energy
JSW Energy PSP Eleven Limited (JEPEL), a step-down subsidiary of JSW Energy Limited, has secured orders worth ₹443.74 crore from Bondada Renewable Energy Private Limited. These orders involve the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions to the client.Bondada Renewable Energy Private Limited is a wholly owned subsidiary of Bondada Engineering Limited. The transaction represents a significant move in JSW Energy's strategy for expansion within the energy storage segment, highlighting its commitment across the entire energy value chain.
JSW Energy PSP Eleven Limited, which operates a 5 GWh per annum battery assembly plant located in Pune, will supply these essential BESS and PCS solutions. Battery Energy Storage Systems are crucial for supporting grid stability, peak load management, renewable energy integration, and ensuring continuous power supply within India’s evolving power ecosystem.
Corporate Capacity and Targets
The order reinforces JSW Energy's growing presence in the technology space. The company currently holds a total locked-in generation capacity of 32.1 GW. This portfolio includes 14.53 GW operational capacity and 13.0 GW under construction, spanning thermal, hydro, and renewable assets.Furthermore, JSW Energy possesses 29.6 GWh of locked-in energy storage capacity. This storage mix comprises 26.4 GWh in pumped hydro storage and 3.2 GWh dedicated to battery energy storage systems.
The company has ambitious goals set for the future. By 2030, JSW Energy aims to achieve a total power generation capacity of 30 GW and an energy storage capacity of 40 GWh. The long-term vision includes achieving carbon neutrality by 2050.
For context on JSW Energy's operational scale, the key figures are summarized below:
| Metric | Value |
|---|---|
| Total Locked in Generation Capacity | 32.1 GW |
| Operational Generation Capacity | 14.53 GW |
| Under Construction Generation Capacity | 13.0 GW |
| Pipeline Generation Capacity | 4.6 GW |
| Locked-in Energy Storage Capacity | 29.6 GWh |
| Targeted Generation Capacity (by 2030) | 30 GW |
| Targeted Storage Capacity (by 2030) | 40 GWh |
JSW Energy Ltd, a leading private sector power producer within the USD 25 billion JSW Group, has established diversified assets across power generation and transmission. The company commenced commercial operations in 2000, beginning with 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, it has steadily enhanced its capacity from 260 MW to the current level of 14.53 GW.
JSWENERGY Stock Price Movement
Shares of JSW Energy Limited rallied on a strong close today, settling at ₹553.45 after gaining 3.7%. The equity posted this gain amidst robust trading activity, recording a total volume of 2.38 million shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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