JSW Renew Energy Eleven Limited, a subsidiary of JSW Energy Limited, has entered into a Power Purchase Agreement (“PPA”) with the Solar Energy Corporation of India Limited (“SECI”) for 700 MW of ISTS-connected solar capacity awarded under SECI Tranche XIII. This PPA is for a 25-year term with a tariff rate of ₹2.56/kWh. The project is expected to be commissioned within 24 months.
JSW Energy aims to achieve an operational capacity of 10 GW by FY 2025 and currently has 7.9 GW of capacity across thermal, hydro, and renewable energy sources. Additionally, the company has secured 16.2 GWh of energy storage capacity through battery systems and hydro pumped storage. JSW Energy’s goal is to reach 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030. The company has also set an ambitious target of achieving carbon neutrality by 2050.