JSW Renew Energy Twenty Limited has recently signed a Power Purchase Agreement (“PPA”) with Bangalore Electricity Supply Company Limited (“BESCOM”) for a 300 MW solar project awarded by Karnataka Renewable Energy Development Limited (“KREDL”).
In the exchange filing, the company shared that the PPA is signed for power supply till FY 2044 with a tariff of ₹2.89/KWh. The project is situated in Pavagada Solar Park, Karnataka and is projected to be commissioned in the next 18 months. The current solar pipeline capacity is 3.2 GW, with PPAs signed for 1.3 GW.
The statement further reads, “JSW Energy has total locked-in generation capacity of 16.7 GW comprising of 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 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.”
