JSW Renew Energy (JSWREL) has signed a power purchase agreement (PPA) with Solar Energy Corporation of India Ltd (SECI) for the supply of 270 megawatt (MW) from its 810 MW wind capacity.
With the signing of this PPA for the balance contracted capacity of 270 MW, the entire 810 MW awarded capacity is now tied up with SECI, said a BSE filing.
JSWREL total deal in two tranches makes it the single largest PPA to be signed by SECI for wind/blended wind category in the industry and establishes the company in the specific category of green energy generation.
In September 2020, JSW Future Energy Ltd (JSWFEL, formerly JSW Solar Ltd), a 100 percent subsidiary of the company, had received the letter of awards for a total blended wind capacity of 810 MW from SECI in respect of the tariff-based competitive bid invited by SECI for setting up of 2,500 MW ISTS-connected Blended Wind Power Projects (Tranche – IX).
JSW Future Energy had won the wind power project by bidding Rs3 per kilowatt-hour (kwh).
In May 2021, JSWREL, wholly-owned subsidiary of JSWFEL, had signed a PPA with SECI for the contracted capacity of 540 MW out of the total awarded capacity of 810 MW. JSW Energy has a power generation capacity of 4,559 MW, where about 30 percent of the capacity is from renewable sources. The company through its wholly-owned subsidiaries, JSWFEL and JSW Hydro Energy Limited, is presently constructing various renewable power projects to the tune of 2.5 gigawatt (GW), with a vision to achieve a total power generation capacity of 20 GW by the year 2030, when the share of renewables in the total capacity will increase to 85 per cent.