BC Jindal Group’s JIRE Wins 300 MW Solar-BESS Order from SJVN
Mumbai: Jindal India Renewable Energy (JIRE), the renewable energy arm of BC Jindal Group, has won a 300 MW solar plus storage project from state-owned SJVN. The project is part of SJVN’s 1200 MW inter-state transmission system-connected solar power projects tender with 600 MW/2400 MW of battery energy storage systems (BESS).
The project will be developed on a build-own-operate basis, with a power purchase agreement (PPA) period of 25 years. JIRE will have to deploy an energy storage system (ESS) of at least 0.5 MW/2MWh capacity for 1 MW contracted capacity. The greenfield project must be completed within 24 months from the signing of the PPA.
The spokesperson of Jindal India Renewable Energy said, “Winning this project reaffirms JIRE’s ability to deliver scalable and clean energy solutions. It strengthens the growing trust in our capabilities and reinforces our commitment to delivering firm, clean power that supports India’s energy transition.”
JIRE intends to invest $2.5 billion in the renewable energy sector over the next five years to meet India’s growing energy demand while improving grid stability through advanced battery energy storage systems. The company is also setting up a solar cell and module manufacturing plant in Maharashtra with a planned annual capacity of 2 GW.
