HomeRenewable energy ›JSW Energy Signs PPA for 300 MW Project in Pavagada Solar Park, Karnataka

JSW Energy Signs PPA for 300 MW Project in Pavagada Solar Park, Karnataka

JSW Renew Energy Twenty has signed a power purchase agreement with Bangalore Electricity Supply Company for a solar capacity of 300 MW for the supply of power until FY 2044. The project, located in Pavagada Solar Park, Karnataka is expected to be commissioned in the next 18 months.

August 23, 2024. By News Bureau

JSW Renew Energy Twenty Ltd., a wholly-owned step-down subsidiary of JSW Energy Ltd. has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Ltd. (BESCOM) for a solar capacity of 300 MW awarded by Karnataka Renewable Energy Development Ltd. (KREDL).

The PPA is signed for the supply of power until FY 2044 with a tariff of  INR 2.89/KWh. The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in the next 18 months. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 1.3 GW.

According to a statement issued by the company, JSW Energy has a total locked-in generation capacity of 16.7 GW comprising 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.3 GW). “The company also has 4.2 GWh of locked-in energy storage capacity through a battery energy storage system and hydro-pumped storage project,” highlighted the statement.

The statement further asserted that the company aims to reach 20 GW of generation capacity and 40 GWh of energy storage capacity before 2030. “JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050,” noted the statement.
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