Juniper Green Energy, a private-sector power producer, announced this week it had surpassed 1.2 GW of renewable energy capacity with the power purchase agreements and letters of award secured in the last few months.
The company was recently awarded 190 MW of wind power capacity by Gujarat Urja Vikas Nigam Ltd (GUVNL) and 105 MW of solar by Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) at an average tariff of INR 3.00 ($0.037)/kWh. It won these projects through competitive bidding in auctions by GUVNL and MSEDCL. As per bid terms, the respective entities will sign a 25-year PPA with Juniper Green Energy, and the projects will be commissioned within 18-24 months.
Juniper Green Energy has also started constructing its first interstate transmission grid-connected solar power project of 140 MW for commercial and industrial sector offtake.
“These combined projects will produce 1.4 billion kWh of clean energy per year, leading to a reduction of approx. 1.3 million tons of CO2 equivalent emissions annually. Additionally, these projects have the potential to provide green energy to power 2.8 Lacs households,” stated Juniper Green Energy.
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