JSW Renew Energy (JSWREL) has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) to deliver 270 MW from its 810 MW wind capacity.
According to a Bombay Stock Exchange (BSE) filing, the signing of this PPA ties up the entire 810 MW awarded capacity with SECI.
JSW Future Energy (JSWFEL, formerly known as JSW Solar), a wholly-owned subsidiary of the company, received a letter of award from SECI in September 2020 for a total blended wind capacity of 810 MW with the tariff-based competitive bid invited by the SECI for the establishment of 2,500 MW ISTS-connected Blended Wind Power Projects (Tranche - IX).
JSWREL, a JSWFEL subsidiary, signed a PPA with SECI in May for 540 MW of contracted capacity out of a total capacity of 810 MW.
JSW Energy has a total capacity of 4,559 MW, with around 30% of that coming from renewable sources.
The company is currently constructing various renewable power projects totalling 2.5 GW through its wholly-owned subsidiaries, JSWFEL and JSW Hydro Energy Limited, with a goal of reaching a total power generation capacity of 20 GW by 2030, when the share of renewables in total capacity will increase to 85%.
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