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JSW Energy Signs 25-Year PPA With NTPC for 700MW Solar Project

2024-10-17 14:05

Wedoany.com Report-Oct 17, JSW Energy Thirteen, a subsidiary of JSW Energy, has secured a power purchase agreement (PPA) with India’s National Thermal Power Corporation (NTPC) for a 700MW solar project.

The strategic move aligns with JSW Energy’s strategy to expand its renewable energy portfolio and supports India’s broader energy transition goals.

The solar project, to be commissioned by June 2026, will be integrated through the Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks.

It will supply power at a tariff of Rs2.59 ($0.031) per kilowatt-hour (kWh) up to 2049.

With a current solar pipeline capacity of 3.2GW, of which 2GW is backed by signed PPAs, JSW Energy is steadily progressing towards its target capacities.

The company’s total generation capacity is 18.2GW, which includes 7.7GW of operational capacity comprising thermal, wind, hydro and solar projects and 2.1GW of ongoing projects across wind, thermal and hydro segments.

To further its commitment to sustainability, JSW Energy is developing a substantial 16.2 gigawatt hours (GWh) energy storage capacity through battery energy storage systems and pumped hydro storage projects.

The company’s targets include a total generation capacity of 20GW and an energy storage capacity of 40GWh by 2030, with the ultimate objective of achieving carbon neutrality by 2050.

Asia India PV

solar project

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