JSW Energy Signs PPA with BESCOM for Solar Project with Battery Storage

Mumbai, India — July 24, 2025 – JSW Renew Energy Forty Five Limited, a step-down subsidiary of JSW Energy Limited (“the Company”), has signed Power Purchase Agreement with Bangalore Electricity Supply Company (BESCOM) for a grid connected 100MW Solar Project with 100MWh Battery Energy Storage System (BESS). The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. The Power Purchase Agreement (PPA) has been signed for a tenure of 25 years at a tariff of ₹4.31 per kWh. Subsequent to this the Company's total locked-in energy storage capacity stands at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The Company is well positioned to achieve its target of 40 GWh of energy storage by 2030.

ABOUT JSW ENERGY: JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 23 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. With strong operations, robust corporate governance and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth, and create value for all stakeholders. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 12.8 GW, ensuring diversity in geographic presence, fuel sources and power off-take arrangements. The Company is presently constructing various power projects to the tune of 12.5 GW, with a vision to achieve a total power generation capacity of 30 GW by 2030.