Spanish developer Zelestra has secured a long-term contract with Satluj Jal Vidyut Nigam (SJVN) to supply firm and dispatchable renewable energy (FDRE).
Under the contract, Zelestra will develop a hybrid project combining 250 MW DC solar, 180 MW wind power and 90 MWh battery energy storage system (BESS) to deliver 24/7 clean energy, ensuring firm supply during morning and evening peak hours in Maharashtra.
Zelestra will develop, construct, own and operate the project.
The project will be situated in Solapur, Maharashtra, and is expected to start operation in 2027.
“The combined annual electricity generation of the projects will be over 815 GWh, which could meet the equivalent needs of over 225,000 Indian households and save around 0.7 million tonnes of CO2 emissions annually,” stated Zelestra.
Sajay K.V, chief executive officer, Zelestra India, commented, “This is a transformational project that will combine solar, wind and battery storage to deliver clean energy at all points of the day in Maharashtra, including the critical peak hours when homes and businesses need reliable electricity the most. This is our first and largest multi-technology project win achieved in a single bid.”
With a portfolio of 28 GW of carbon-free projects in 13 countries, Zelestra is a vertically integrated company specialized in the development, commercialization, construction and operation of large-scale renewable energy projects. It is backed by EQT, one of the world’s largest funds, with more than €269 billion in assets under management.
In India, Zelestra now has a pipeline of more than 5.4 GW of clean energy projects across seven states.
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