Jakson Green secures 400 MW solar PPA with NHPC

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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.

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