JSW Energy arm bags two battery energy storage system projects from SECI
JSW Energy on Thursday said that its arm JSW Renew Energy Five has bagged two battery energy storage system projects totalling 500 MW/ 1,000 MW from Solar Energy Corporation of India (SECI).
The company will be entitled to receive a fixed capacity charge of Rs 10.8 lakh per MW per month for twelve years, a company statement said.
Energy storage system of 500 MW/1,000 MW means 500 MW of battery energy can provide power backup for two hours, giving total output of 1,000 MW, the company explained.
SECI’s obligation shall be limited to 60 per cent of the project capacity/energy and the remaining 40 per cent is to be managed by the company, JSW Energy stated.
