Zelestra has secured a 500 MW Firm and Dispatchable Renewable Energy (FDRE) contract from SJVN to develop a hybrid solar, wind, and battery storage project in Solapur, Maharashtra, set to be operational by 2027.
Renewable energy company Zelestra has been awarded a Firm and Dispatchable Renewable Energy (FDRE) contract by Satluj Jal Vidyut Nigam (SJVN), enabling it to build a 500 MW hybrid megaproject combining solar, wind and energy storage.
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.
The contract will be served by a project to be located in Solapur, Maharashtra, 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.
Commenting on the development, Sajay K.V., Chief Executive Officer, Zelestra India remarked, “We are very proud of signing this major contract with SJVN. 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.”
He further added, “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 decarbonisation demands of industrial units and data centres nationwide.”
With a portfolio of 28 GW of carbon-free projects in 13 countries, Zelestra is a company specialised in the development, commercialisation, construction and operation of large-scale renewable energy projects.
In total, Zelestra in India now has a pipeline of more than 5.4 GW of clean energy projects across 7 states.
Zelestra, 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 this agreement again demonstrates its ability to develop tailored solutions to customers and its commitment to India, a key market due to its enormous growth potential and its significant role in the global transition to a more sustainable energy future.
