Jindal India Renewable Energy (JIRE), the renewable energy arm of the BC Jindal Group, has emerged victorious in securing a significant 300-MW solar project from SJVN Ltd.
This new contract, which is part of SJVN’s ambitious 1,200-MW solar power initiative, marks another pivotal milestone for India’s growing green energy sector. The project also includes a crucial component 600 MW of battery energy storage systems (BESS) which aligns with the country’s expanding need for continuous, reliable renewable energy. Awarded at a competitive tariff of ₹3.32 per kilowatt-hour, the project will be developed on a build-own-operate basis, reinforcing JIRE’s growing presence in the clean energy landscape. The solar installation, located in a greenfield area, is expected to come online within 24 months of the power purchase agreement (PPA), with the agreement lasting 25 years, securing long-term energy supply for the Indian grid.
The new project not only showcases JIRE’s technical prowess but also highlights its commitment to sustainability. As part of the project, the company is tasked with integrating energy storage systems of at least 0.5 MW/2 MWh for every megawatt of contracted solar capacity. This energy storage integration is a vital element in ensuring that intermittent renewable sources like solar can contribute to a reliable, stable grid especially as India moves closer to its goal of a carbon-neutral economy. This development is in perfect harmony with JIRE’s broader objectives of enhancing its renewable energy portfolio to 5 GW, with a diverse range of technologies that include solar, wind, hybrid, and round-the-clock (RTC) energy platforms. To further fuel this expansion, JIRE has already received another major project award a 300-MW solar-plus-storage initiative under the NHPC, marking a significant portion of India’s inter-state transmission system (ISTS) solar programme. These efforts will contribute significantly to meeting India’s renewable energy targets and support the government’s mission to increase solar power capacity to 500 GW by 2030.
Further solidifying its long-term commitment to renewable energy, JIRE is also investing in the development of a 2 GW solar cell and module manufacturing plant in Maharashtra. This facility, scheduled to be operational by September 2026, will enable JIRE to meet the growing demand for solar panels and contribute to India’s self-reliance in solar manufacturing. This investment reflects the company’s forward-thinking approach, especially in light of the projected 11.41 per cent annual growth rate in India’s battery energy storage market through 2032. The BC Jindal Group, established in 1952, has evolved from a steel pipe manufacturer to a key player in India’s renewable energy sector, with a diversified portfolio spanning thermal power plants and renewable energy projects. With an annual turnover exceeding ₹18,000 crore, the group’s ventures into solar power and energy storage systems reflect the growing demand for sustainable energy solutions, positioning India as a global leader in clean energy production.
As India accelerates its transition towards greener energy solutions, projects like the one awarded to JIRE represent a tangible step forward in meeting the country’s climate goals. By integrating solar power with storage solutions, JIRE is not only helping to power India’s homes and businesses with renewable energy but also contributing to the creation of a resilient, sustainable energy infrastructure. With substantial investments planned over the next five years, JIRE’s growth in renewable energy promises to play a crucial role in India’s clean energy future.
JIRE to Develop 300-MW Solar Project with Energy Storage
