JSW Energy secures 700 MW solar PPA, 300 MW wind-solar hybrid LoA from SJVN

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JSW Energy Ltd announced today its arm JSW Renew Energy (Raj) has secured a power purchase agreement (PPA) with SJVN for 700 MW of interstate-connected solar capacity. Under the PPA, it will supply power generated from the project for a period of 25 years at a tariff of INR 2.52/kWh.

The project is located in Rajasthan and is expected to be commissioned in the next 24 months.

This will take the company’s total locked-in solar capacity to 3.5 GW.

The PPA follows JSW Energy’s announcement last week that its arm JSW Neo Energy has received a letter of award from SJVN to develop 300 MW of wind-solar hybrid power projects. It secured these projects against tariff-based competitive bid invited by SJVN for setting up 1.5 GW of ISTS connected wind-solar hybrid power projects (Hybrid-2).

JSW Energy now has 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 RE pipeline of 4.0 GW (PPAs signed for 2 GW). The company also has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and pumped hydro storage project. It aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy targets carbon neutrality by 2050.

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