JSW Energy Signs PPA for 700 MW ISTS-Connected Solar Capacity with SJVN

JSW Renew Energy (Raj) Limited, a wholly-owned stepdown subsidiary of JSW Energy Limited (or "The Company"), has signed Power Purchase Agreement (or "PPA") with SJVN Limited for ISTS-connected solar capacity of 700 MW. The total locked-in capacity of the company stands at 13.9 GW.

The PPA is signed for supply of power for a period of 25 years with a tariff of ₹2.52/KWh. The aforesaid project is located in Rajasthan and is expected to be commissioned in next 24 months. This will take the total locked-in solar capacity to 3.5 GW.

JSW Energy has total locked-in generation capacity of 13.9 GW comprising of 7.3 GW operational, 2.6 GW under-construction across wind, thermal and hydro and RE pipeline of 4.0 GW (PPAs signed for 2.0 GW). The company also has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 734.60 as compared to the previous close of Rs. 734.80. The total number of shares traded during the day was 74961 in over 3765 trades.

The stock hit an intraday high of Rs. 743.60 and intraday low of 726.65. The net turnover during the day was Rs. 55104703.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWRenewEnergyRaj PPA SJVN 700MW ConnectedSolarCapacity