JSW Renew Energy Seventeen Limited, a step-down subsidiary of JSW Energy Limited, has signed its first Power Purchase Agreement (PPA) for a 192 MW Wind-Solar Hybrid capacity with Gujarat Urja Vikas Nigam Limited (GUVNL). This marks a significant milestone for the company as it continues to expand its renewable energy footprint.
The PPA, with a tariff of ₹3.27/kWh, is set for a duration of 25 years and is expected to be commissioned within 24 months. The project will be connected to the State Transmission Utility (STU) in Gujarat, further strengthening JSW Energy’s renewable energy portfolio. Currently, the company has a project pipeline capacity of 8.3 GW, of which 3.2 GW already have signed PPAs.
JSW Energy boasts a total locked-in generation capacity of 18.2 GW, including 7.7 GW operational capacity across wind, thermal, and hydro sectors, and 2.1 GW under-construction. Additionally, the company has 16.2 GWh of energy storage capacity through battery energy storage systems and hydro pumped storage projects. JSW Energy aims to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030, along with an ambitious goal of becoming carbon neutral by 2050.
