JSW Energy Subsidiary Inks PPA with SECI under FDRE scheme

• JSW Neo Energy signed a 25-year PPA with SECI for 230 MW at ₹4.98/kWh
• JSW Energy’s under-construction capacity rises to 12.9 GW
• Company targets 30 GW generation and 40 GWh storage by 2030

Recently, JSW Energy announced that its subsidiary JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a total of 230 MW of Firm and Dispatchable Renewable Energy (FDRE) plus the Inter-State Transmission System (ISTS) under SECI FDRE Tranche IV.

The PPA will be for 25 years at a fixed tariff of ₹4.98 / kilowatt hour / kWh.

This PPA takes JSW Energy's forecast capacity under construction to 12.9 GW and total theoretical locked-in generation capacity closer to 30.2 GW. The PPA reinforces JSW Energy's ability to execute its plan of 30 GW of installed generation capacity and 40 GWh of energy storage by 2030.

Also Read: Godrej Aerospace Secured Manufacturing Deal with Pratt & Whitney

Sharad Mahendra, Joint Managing Director (MD) & CEO of JSW Energy stated, "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy’s commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers".

On the Bombay Stock Exchange (BSE), JSW Energy shares were down 1.77% to ₹522.75 at 1:55 p.m. on Friday. JSW Energy is one of India's largest private power producers, focused on sustainable and scalable clean energy alternatives across thermal, hydro, solar, and wind segments.