Jakson Green, a new energy transition platform, has announced the signing of its first power purchase agreement (PPA) with NHPC, India’s largest hydropower producer. The PPA was signed for a 400 MW solar capacity. With this agreement, Jakson Green has reached a total portfolio of 1 GW under development as an independent power producer.
Jakson Green had secured the 400 MW solar capacity at tariff of INR 2.53 ($0.030) per kWh in an auction conducted by NHPC for pan-India projects connected to the central transmission utility. The project is scheduled for commissioning within 24 months of signing the PPA. The power purchased by NHPC for 25 years is provisioned for sale to discoms.
This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create valuable job opportunities during construction and operation phases.
Jakson Green, a new energy transition platform backed by India headquartered infrastructure and renewable company, Jakson Group, focusses on installation, commissioning, operation and maintenance of new energy assets spanning solar, utility-scale storage, waste-to-energy, fuel cell technologies, gasification-based projects, green hydrogen, and green ammonia projects. Promoted and led by Bikesh Ogra, a renewable sector veteran with over 10GW of experience across 26 countries, the firm has built up an impressive global presence in a short span since its inception and plans to deliver 15 GW by 2030.
The firm has recently set up an electrolyser manufacturing unit, besides building and operating green hydrogen assets globally, in line with its vision of being a power-to-X player cumulatively producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.