JSW Energy Signs PPAs for 1,200 MW Solar-Wind Hybrid Capacity with MSEDCL

JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited, step-down subsidiaries of JSW Energy Ltd, have signed Power Purchase Agreements for STU-connected Solar-Wind Hybrid capacity with Maharashtra State Electricity Distribution Company Limited. The PPAs are for a 25-year period at a tariff of ¥3.60/kWh. The projects, each with a capacity of 600 MW, are expected to be commissioned within 24 months and will be connected to STU in Maharashtra. JSW Energy has a project pipeline of 8.3 GW, with PPAs signed for 4.4 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.