Zelestra has signed a contract to supply dispatchable renewable energy in India, enabling the construction of a portfolio of 500MW of wind, solar and battery capacity.
The 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.
Zelestra will begin work this year on approximately 250MW(dc) solar, 180MW wind power and a 90MWh battery energy storage system (BESS) that will come into operation in 2027.
Zelestra, has been awarded a Firm & Dispatchable Renewable Energy (FDRE) contract by Satluj Jal Vidyut Nigam (SJVN), an Indian public sector company in the Navratna Category, enabling it to build the 500MW hybrid project.
As a vertically integrated energy player Zelestra will develop, construct, own and operate the project.
In total, Zelestra in India now has a pipeline of more than 5.4GW of clean energy projects across seven states.
Sajay KV, Chief Executive Officer of Zelestra India, said: “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.
“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.”
With a portfolio of 28GW of carbon-free projects in 13 countries, Zelestra is focused on the development, commercialisation, construction and operation of large-scale renewable energy projects.
It is backed by EQT, one of the world’s largest funds, with more than €269bn in assets under management.