MADRID--(BUSINESS WIRE)--Mar 20, 2025--
Zelestra, a global, multi-technology, customer-focused renewable energy company, 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 a transformational 500 MW hybrid megaproject combining solar, wind and energy storage technologies.
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With a commitment to developing tailor-made, multi-technology solutions, Zelestra put forward a bespoke solution that meets SJVN’s needs delivering 24/7 green energy. Zelestra will also ensure supply of clean energy during morning and evening peak hours, when demand from the grid is at its highest.
The contract will be served by a project to be situated in Solapur, Maharashtra, India, 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.
In total, Zelestra in India now has a pipeline of more than 5.4 GW of clean energy projects across 7 states.
Sajay K.V, Chief Executive Officer, Zelestra India commented, “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.”
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.
About Zelestra
With a portfolio of 28 GW of carbon-free projects in 13 countries, Zelestra is a vertically integrated company specialized in the development, commercialization, construction and operation of large-scale renewable energy projects. Zelestra is comprised of highly skilled professionals with experience in development, construction and operations. It is backed by EQT, one of the world's largest funds, with more than €269 billion in assets under management.
PPA Zelestra - SJVN
DEIR AL-BALAH, Gaza Strip (AP) — Israeli strikes across the southern Gaza Strip killed at least 19 Palestinians overnight into Sunday, including a senior Hamas political leader, officials said.
Iran-backed Houthi rebels in Yemen who are allied with Hamas meanwhile launched another missile at Israel, setting off air raid sirens. The Israeli military said the projectile was intercepted, and there were no reports of casualties or damage.
Two hospitals in southern Gaza said they had received 17 bodies from strikes overnight, including several women and children.
The European Hospital said the dead included five children and their parents killed in a strike in Khan Younis. Another family — two girls and their parents — were killed in a separate strike on the southern city. The Kuwaiti Hospital said it received the bodies of a woman and child killed in another strike.
Hamas separately said that Salah Bardawil, a member of its political bureau and of the Palestinian parliament, was killed in a strike near Khan Younis that also killed his wife. Bardawil was a well-known member of the group's political wing who gave media interviews over the years.
The Hamas official and his wife were not included in the tolls reported by the hospitals.
Israel ended its ceasefire with Hamas last week when it launched a surprise wave of airstrikes that killed hundreds of Palestinians across the territory. The Houthis resumed their attacks on Israel, portraying them as an act of solidarity with the Palestinians, despite recent U.S. strikes targeting the Yemeni rebels.
The ceasefire that took hold in January paused 15 months of heavy fighting ignited by Hamas' Oct. 7, 2023 attack into Israel.
Twenty-five Israeli hostages and the bodies of eight others were released in exchange for hundreds of Palestinian prisoners, Israeli forces pulled back to a buffer zone, allowing hundreds of thousands of people to return to what remains of their homes, and there was a surge in humanitarian aid.
The sides were supposed to begin negotiations in early February on the next phase of the truce, in which Hamas was to release the remaining 59 hostages — 35 of whom are believed to be dead — in exchange for more Palestinian prisoners, a lasting ceasefire and an Israeli withdrawal.
Those talks never began, and Israel backed out of the ceasefire agreement after Hamas refused Israeli and U.S.-backed proposals to release more hostages ahead of any talks on a lasting truce.
Hamas-led militants killed some 1,200 people, mostly civilians, and took 251 hostage in the Oct. 7 attack. Most of the captives have been released in ceasefire agreements or other deals, while Israeli forces rescued eight alive and recovered dozens of bodies.
Israel's offensive has killed at least 49,747 Palestinians, according to Gaza's Health Ministry, which says women and children make up more than half the dead but does not distinguish between combatants and civilians in its records. Israel says it has killed around 20,000 militants, without providing evidence.
The offensive has destroyed vast areas of Gaza and at its height had displaced around 90% of the population. Israel sealed off the territory of 2 million Palestinians from food, fuel, medicine and other supplies earlier this month to pressure Hamas to change the ceasefire agreement.
Magdy reported from Cairo.
Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war
People take part in a protest demanding the immediate release of hostages held by Hamas in the Gaza Strip, in Tel Aviv, Israel, Saturday, March 22, 2025. (AP Photo/Ohad Zwigenberg)
