JSW Energy announced on Thursday that its subsidiary, JSW Renew Energy Seventeen Ltd, has entered into a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 192 MW wind-solar hybrid project connected to the State Transmission Utilities (STU).
This is the company’s first-ever hybrid PPA, with power to be supplied at a tariff of ₹3.27 per kWh over a 25-year term, according to a statement to the BSE. The project, expected to be operational within 24 months, will be developed in Gujarat.
JSW Energy’s current project pipeline stands at 8.3 GW, with PPAs in place for 3.2 GW. The company’s total generation capacity is 18.2 GW, including 7.7 GW already operational, 2.1 GW under construction, and 8.3 GW in renewable energy projects.
Additionally, JSW Energy has locked in 16.2 GWh of energy storage through battery and hydro-pumped storage systems, with plans to expand generation capacity to 20 GW and energy storage to 40 GWh by 2030.
The company has also set a goal of achieving carbon neutrality by 2050. JSW Energy is a leading private sector power generation company in India, part of the diversified JSW Group. Established in 1994, it has grown to become one of the country’s largest integrated power companies, with a focus on renewable and sustainable energy sources.
The company operates a diverse portfolio of power plants, including thermal, hydro, and wind energy facilities, with a total installed capacity exceeding 4,500 megawatts. The company is committed to reducing its carbon footprint and enhancing energy efficiency, aligning with India’s goals for renewable energy expansion.
JSW Energy actively invests in new technologies and innovative solutions to promote clean energy and is also involved in initiatives to develop infrastructure for a sustainable energy future. Through its efforts, the company aims to contribute to the nation’s energy security and economic growth while fostering a cleaner environment.
