Spanish decarbonisation firm Zelestra has signed a long-term contract with SJVN to supply firm and dispatchable renewable energy (FDRE) in India, enabling the construction of a portfolio of 500 MW of wind, solar and battery storage projects. The innovative hybrid multi-technology project will deliver 24/7 clean energy generation, with wind, solar and battery storage technology ensuring firm generation during peak morning and evening demand hours in Maharashtra, India.
Work will start this year on approximately 250 MWdc solar, 180 MW wind power and a 90 MWh battery energy storage system (BESS) that will come into operation in 2027.
Zelestra, a global, multi-technology firm develops tailor-made, multi-technology solutions, based on Renewable energy. For SJVN it has undertaken to provide energy during morning and evening peak hours, when demand from the grid is at its highest.
The contract will be served by a project to be situated in Solapur, Maharashtra, India, with energy anticipated to come online in 2027. It will include approximately 250 MWdc of solar, 180 MW of wind power and a 90 MWh battery energy storage system (BESS). As a vertically integrated energy player Zelestra will develop, construct, own and operate the project.
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.
The SJVN deal takes Zelestra’s India pipeline to over 5.4 GW of clean energy projects across 7 states.
Sajay K.V, Chief Executive Officer, Zelestra India commented, “This is our first and largest multi-technology project win achieved in a single bid. Leveraging our robust technical expertise, we have intentionally transitioned from pure-play renewable projects to more complex and reliable green power solutions which can address the growing decarbonization demands of industrial units and data centres nationwide.”
About Zelestra
Zelestra was recently named among the top 10 sellers of clean energy to corporate customers globally by BNEF, and number 2 in Europe, Middle East and Asia.
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.
