JSW Energy Signs 700 MW Solar PPA with NTPC

15 Oct 2024 CW Team

JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a solar capacity of 700 megawatts (MW). This project is a major milestone in JSW Energy’s renewable energy expansion.

The solar project will be connected through Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks. It will supply power at a tariff of Rs2.59 per kilowatt-hour (kWh) for the next 25 years, ensuring long-term sustainability and cost-effectiveness. The project is slated for commissioning by June 2026.

JSW Energy currently has a solar pipeline capacity of 3.2 gigawatts (GW), with 2.0 GW already secured through PPAs. This agreement with NTPC highlights the company's strategic move toward enhancing its renewable energy footprint, contributing to India’s broader clean energy transition.

JSW Energy’s total generation capacity stands at 18.2 GW, including 7.7 GW of operational capacity and 2.1 GW of ongoing projects across thermal, wind, and hydro segments. Additionally, the company is working on a robust renewable energy pipeline of 8.3 GW.

To support its clean energy goals, JSW Energy is also developing 16.2 gigawatt-hours (GWh) of energy storage through battery energy storage systems and hydro-pumped storage projects. The company aims to reach a total generation capacity of 20 GW and 40 GWh of energy storage by 2030, with the long-term target of achieving carbon neutrality by 2050.

Founded in 2000 with its first thermal power plant in Karnataka, JSW Energy has grown its capacity to 7,726 MW, comprising thermal, wind, hydro, and solar projects. The company is part of the USD 24 billion JSW Group, which operates across sectors like steel, cement, infrastructure, and sports, playing a key role in India’s energy evolution.

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