Solarworld Energy Solutions Limited (SOLARWORLD) has announced a breakthrough in India’s renewable energy landscape with the signing of a Battery Energy Storage Purchase Agreement (BESPA). The agreement, executed on December 8, 2025, marks a significant step forward in large-scale Battery Energy Storage System (BESS) deployment in the country.
Project Scale & Strategic Location
The newly awarded project involves the development of a 200 MW / 400 MWh Battery Energy Storage System—one of the substantial BESS capacities sanctioned in the state of Gujarat.
This system is designed to support grid stability, ensure reliable power delivery, and enable better integration of renewable sources like solar and wind.
Contract Details & Commercial Value
Awarding Authority
The contract has been awarded by Gujarat Urja Vikas Nigam Limited (GUVNL), the state’s primary electricity utility.
Nature of the Order
Classified as a Commercial Order
Based on Tariff-Based Competitive Bidding – Phase VI
Designed for “On-Demand” energy usage, enhancing grid flexibility
Order Value & Duration
Approximate project value: ₹806.40 crore (excluding taxes)
Execution tenure: 12 years, covering long-term operational and commercial obligations
📘 Regulatory Disclosures & Compliance
SOLARWORLD confirmed that:
The information has been disclosed in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015
Neither the promoter nor promoter group has any interest in the awarding entity
The order does not qualify as a related-party transaction
