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JSW Energy Ltd has inked a trio of strategic Power Purchase Agreements (PPAs), reinforcing its commitment to renewable energy and long-term grid reliability. The deals span Karnataka and Maharashtra, with a combined capacity of 400 MW and a 25-year supply horizon.
Key Highlights
- JSW Renew Energy Twenty Ltd, a wholly-owned step-down subsidiary, signed a PPA with Bangalore Electricity Supply Company (BESCOM) for a 300 MW solar project at Pavagada Solar Park, Karnataka.
- Tariff: Rs 2.89 per kWh
- Commissioning timeline: 18 months
- Validity: Until FY 2044
- Awarded by Karnataka Renewable Energy Development Ltd (KREDL)
- JSW Energy also finalized a PPA for a 100 MW solar project with BESCOM, integrated with a 100 MWh Battery Energy Storage System (BESS).
- Tariff: Rs 4.31 per kWh
- Duration: 25 years
- Objective: Enhance grid stability and peak-hour supply
- In Maharashtra, JSW Renew Energy Three Ltd signed a 25-year PPA with Adani Electricity Mumbai Ltd for a 250 MW wind project.
- Tariff: Rs 3.65 per kWh
- Location: STU-connected site
- Commissioning: Within 24 months
Strategic Impact
- These agreements push JSW Energy’s locked-in generation capacity to 16.7 GW, with 7.5 GW operational and 2.3 GW under construction.
- The company’s solar pipeline now stands at 3.2 GW, with PPAs signed for 1.3 GW.
- JSW aims to reach 20 GW generation and 40 GWh energy storage capacity by 2030.
Sources: CNBC-TV18, Deccan Herald, The Hindu, Economic Times, JSW Energy Corporate Filings.
Sources: CNBC-TV18, Deccan Herald, The Hindu, Economic Times, JSW Energy Corporate FilingsJSW Energy Ltd has inked a trio of strategic Power Purchase Agreements (PPAs), reinforcing its commitment to renewable energy and long-term grid reliability. The deals span Karnataka and Maharashtra, with a combined capacity of 400 MW and a 25-year supply horizon.
Key Highlights
- JSW Renew Energy Twenty Ltd, a wholly-owned step-down subsidiary, signed a PPA with Bangalore Electricity Supply Company (BESCOM) for a 300 MW solar project at Pavagada Solar Park, Karnataka.
- Tariff: Rs 2.89 per kWh
- Commissioning timeline: 18 months
- Validity: Until FY 2044
- Awarded by Karnataka Renewable Energy Development Ltd (KREDL)
- JSW Energy also finalized a PPA for a 100 MW solar project with BESCOM, integrated with a 100 MWh Battery Energy Storage System (BESS).
- Tariff: Rs 4.31 per kWh
- Duration: 25 years
- Objective: Enhance grid stability and peak-hour supply
- In Maharashtra, JSW Renew Energy Three Ltd signed a 25-year PPA with Adani Electricity Mumbai Ltd for a 250 MW wind project.
- Tariff: Rs 3.65 per kWh
- Location: STU-connected site
- Commissioning: Within 24 months
Strategic Impact
- These agreements push JSW Energy’s locked-in generation capacity to 16.7 GW, with 7.5 GW operational and 2.3 GW under construction.
- The company’s solar pipeline now stands at 3.2 GW, with PPAs signed for 1.3 GW.
- JSW aims to reach 20 GW generation and 40 GWh energy storage capacity by 2030.
Sources: CNBC-TV18, Deccan Herald, The Hindu, Economic Times, JSW Energy Corporate Filings
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