Business Update17 Oct 2024, 02:14 pm
JSW Energy Signs First Hybrid Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited
AI Summary
JSW Renew Energy Seventeen Limited, a step-down subsidiary of JSW Energy Ltd, has signed a Power Purchase Agreement for a STU-connected 192 MW Wind-Solar Hybrid capacity with Gujarat Urja Vikas Nigam Limited. The PPA is signed for a tariff of ¥3.27/kWh for a period of 25 years. The project is expected to be commissioned within 24 months and will be connected to the STU in Gujarat. JSW Energy has a project pipeline capacity of 8.3 GW with PPA signed for 3.2 GW and a total locked-in generation capacity of 18.2 GW. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030, and has set an ambitious target of achieving Carbon Neutrality by 2050.
Key Highlights
- JSW Energy signs its first Hybrid Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for 192 MW Wind-Solar Hybrid capacity.
- The PPA is signed for a tariff of ¥3.27/kWh for a period of 25 years.
- The project is expected to be commissioned within 24 months and will be connected to the STU in Gujarat.
- JSW Energy has a project pipeline capacity of 8.3 GW with PPA signed for 3.2 GW and a total locked-in generation capacity of 18.2 GW.
- JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030, and has set an ambitious target of achieving Carbon Neutrality by 2050.