JSW Energy Signs PPA with SECI for 700 MW Solar Project

New Delhi: JSW Renew Energy Eleven Limited, a step-down subsidiary of JSW Energy Limited has signed a Power Purchase Agreement (“PPA”) with Solar Energy Corporation of India Limited (“SECI”), for ISTS connected 700 MW solar capacity awarded under SECI Tranche XIII. The PPA is signed for the supply of power for a period of 25 years with a tariff of Rs 2.56/kWh.

The aforesaid project is expected to be commissioned within 24 months. JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.9 GW of operational capacity spread across thermal, hydro, and RE.

The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects. 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.

With strong operations, robust corporate governance, and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth and create value for all stakeholders. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka.