JSW Energy, SJVN Sign PPA For 700 MW Project In Rajasthan

By Chitrika Grover/ Updated On Mon, Jul 1st, 2024

Highlights :

The total total locked-in capacity of JSW Renew Energy stands at 13.9 GW. The PPA is signed for the supply of power for 25 years with a tariff of ₹2.52/KWh.

JSW Energy, SJVN Sign PPA For 700 MW Project In Rajasthan

JSW Renew Energy (Raj) Limited, a wholly-owned step-down subsidiary of JSW Energy Limited, signed a Power Purchase Agreement (PPA) with SJVN Limited for an ISTS-connected solar capacity of 700 MW.

The total locked-in capacity of JSW Renew Energy stands at 13.9 GW. The PPA is signed for the supply of power for 25 years with a tariff of ₹2.52/KWh. The aforesaid project is located in Rajasthan and is expected to be commissioned in the next 24 months. This is expected to take the total locked-in solar capacity to 3.5 GW. JSW Energy has a total locked-in generation capacity of 13.9 GW comprising 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro, and a renewable energy (RE) pipeline of 4.0 GW (PPAs signed for 2.0 GW).

The JSW Renew Energy also has 3.4 GWh of locked-in energy storage capacity through a battery energy storage system and hydro-pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, had earlier, signed a Power Purchase Agreements (PPAs) through its subsidiaries for wind and solar projects. The project had a cumulative capacity of 1,325 MW. This included 1,025 MW with Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). This brought the total locked-in capacity of the company to 13.6 GW.

The company claims this to be the largest single tranche PPA by SECI with 1,025 MW capacity. This is one of the largest single tranche PPA signed by SECI and has a blended tariff of ₹3.62/kWh for 25 years. This project is expected to be commissioned within 24 months in Gujarat (JSW Renew Energy Eight Limited) and Karnataka (JSW Renew Energy Four Limited). Currently, the total locked-in wind capacity of the Company stands at 4.8 GW.