JSW Energy Signs 700 MW Solar PPA with SECI
By Rediff Money Desk, New Delhi Oct 23, 2024 10:03
JSW Energy's subsidiary JSW Renew Energy Eleven has signed a 25-year PPA with SECI for a 700 MW solar project, aiming to reach 10 GW operational capacity by FY25.
New Delhi, Oct 23 (PTI) JSW Energy on Wednesday said its arm JSW Renew Energy Eleven inked a Power Purchase Agreement with Solar Energy Corporation of India (SECI) to supply power from its 700 MW solar project.
The power purchase agreement (PPA) is signed for the supply of power for a period of 25 years with a tariff of Rs 2.56/kWh. The project is expected to be commissioned within 24 months, according to a company statement.
JSW Renew Energy Eleven Ltd, a step-down a subsidiary of JSW Energy, has signed a PPA with SECI, for ISTS connected 700 MW solar capacity awarded under SECI Tranche XIII, the statement said.
JSW Energy aims to achieve 10 GW operational capacity by FY25 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 a battery energy storage system and hydro-pumped storage project.
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.
The power purchase agreement (PPA) is signed for the supply of power for a period of 25 years with a tariff of Rs 2.56/kWh. The project is expected to be commissioned within 24 months, according to a company statement.
JSW Renew Energy Eleven Ltd, a step-down a subsidiary of JSW Energy, has signed a PPA with SECI, for ISTS connected 700 MW solar capacity awarded under SECI Tranche XIII, the statement said.
JSW Energy aims to achieve 10 GW operational capacity by FY25 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 a battery energy storage system and hydro-pumped storage project.
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.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Mishtann Foods L
- 8.64 ( -3.46)
- 75528837
- Srestha Finvest
- 0.90 ( -4.26)
- 62145334
- Thinkink Picturez
- 2.13 (+ 4.93)
- 22546687
- Rajnish Wellness
- 1.95 (+ 4.84)
- 10122316
- NCL Research
- 0.96 (+ 3.23)
- 6204431
MORE NEWS
Sai Life Sciences IPO: Rs 913 Crore from Anchor...
Sai Life Sciences, backed by TPG Capital, raised Rs 913 crore from anchor investors...
Adani to Self-Fund Colombo Port Project,...
Adani Ports will use its own resources for the Colombo West International Terminal,...
Gadkari Announces Rs 30,000 Crore Road Projects...
Union Minister Nitin Gadkari announced Rs 30,000 crore road projects for Rajasthan,...