JSW Energy signs 25-year PPA to supply 700 MW solar power to NTPC
JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project, to be commissioned by June 2026. The project will supply power at ₹2.59/kWh for 25 years. JSW Energy targets 20 GW of total generation and 40 GWh of energy storage capacity by 2030, aiming for carbon neutrality by 2050.
JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy Limited, has announced the signing of a Power Purchase Agreement (PPA) with NTPC Limited for a solar project with a capacity of 700 MW.
As stated in an exchange filing, this solar initiative will connect through the Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks, providing power at a tariff of ₹2.59 per kilowatt-hour (kWh) for the next 25 years.
The project is expected to be commissioned by June 2026 and is a crucial part of JSW Energy’s expanding renewable energy portfolio.
Currently, the company has a solar pipeline capacity of 3.2 GW, with 2.0 GW already covered by signed PPAs. This agreement represents a significant advancement toward the company’s aim of increasing its renewable energy presence and supporting India’s energy transition.
JSW Energy’s total generation capacity has now reached 18.2 GW, which includes 7.7 GW of operational capacity and 2.1 GW of ongoing projects across wind, thermal, and hydro sectors.
Additionally, the company has a renewable energy pipeline of 8.3 GW. To enhance its clean energy strategy, JSW Energy is developing a storage capacity of 16.2 GWh through battery energy storage systems and hydro-pumped storage projects.
The company aims for a total generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030, with the overarching goal of achieving carbon neutrality by 2050.
JSW Energy Limited is a leading private-sector power producer in India and is part of the $24 billion JSW Group, which operates in sectors including steel, energy, infrastructure, cement, and sports.
Founded in 2000 with its first thermal power plant in Karnataka, the company has expanded its generation capacity to 7,726 MW, comprising thermal (3,508 MW), wind (2,152 MW), hydel (1,391 MW), and solar (675 MW) projects.
With ongoing projects totaling 2.1 GW and a vision to achieve 20 GW of total capacity by 2030, JSW Energy remains at the forefront of India’s evolving power sector.
Source Link : https://bioenergytimes.com/jsw-energy-signs-25-year-ppa-to-supply-700-mw-solar-power-to-ntpc/
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