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

These projects will be developed on a Build, Own and Operate model in the state of Rajasthan. The BESPA is signed for a duration of 12 years, with a tariff of Rs 2,24,000 per MW per month, and is supported by viability gap funding. The Company's total locked-in energy storage capacity stands at 29.3 GWh, including 2.9 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. With this, the Company is well-positioned to achieve its target of 40 GWh of energy storage by 2030.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.