The Solar Energy Corporation of India Limited (SECI) has signed a battery energy storage sale agreement with the Kerala State Electricity Board (KSEB) for a 125 MW/500 MWh grid-connected standalone battery energy storage system (BESS) project. JSW Energy, a leading Indian energy company, has secured the project through a competitive bid of INR 4.41 lakh/MW/month.
Under the agreement, JSW Energy will develop, operate, and maintain the BESS in Kerala with the primary objective of making it available to KSEB for charging and discharging on an on-demand basis. This project is eligible for viability gap funding, which is a financial support mechanism provided by the government to encourage the development of renewable energy projects.
The BESS project will be the largest of its kind in India, and its successful completion will demonstrate the scalability and viability of grid-connected battery energy storage systems. The project will also help to ensure a reliable and stable power supply in Kerala, which is critical for the state’s economic development.
The partnership between SECI, KSEB, and JSW Energy is a significant step towards achieving India’s renewable energy targets and reducing the country’s dependence on fossil fuels. The project is expected to have a positive impact on the environment, create jobs, and stimulate local economic growth.
In summary, the BESS project is a significant achievement for India’s renewable energy sector, and it sets a new standard for grid-connected battery energy storage systems in the country. The project’s successful completion will demonstrate the viability of large-scale BESS projects and pave the way for similar initiatives across India.