Battery Energy Storage Systems Projects from Solar Energy Corporation of India Limited - Update
JSWENERGY · price
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Awaiting price reaction for this filing.
JSW Energy's step-down subsidiary JSW Renew Energy Five Limited (JSWREL) has lost its appeal before the Appellate Tribunal for Electricity (APTEL) on 12th September 2025. The appeal was against the earlier CERC order from January 2025 that refused to adopt the proposed tariff for the 500 MW / 1000 MWh Standalone Battery Energy Storage Systems (BESS) project originally allocated by Solar Energy Corporation of India (SECI). The company is now evaluating further legal options, including a potential appeal to the Supreme Court. Without an adopted tariff, the economics and viability of this large-scale BESS project remain uncertain. The project's outcome could meaningfully impact JSW Energy's storage segment plans.
Negative development for shareholders as the regulatory rejection of the project tariff could hurt project economics or delay the 500 MW BESS project, potentially weighing on the stock in the near term. Investors should watch for the company's decision on filing a Supreme Court appeal and any subsequent updates on project viability.