JSW Renew Energy Eleven Limited, a subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 700 MW solar project.
This project, awarded under SECI Tranche XIII, is set to provide power for 25 years at a tariff of ₹2.56 per kWh. The project is expected to be commissioned within 24 months.
This agreement is part of JSW Energy’s broader strategy to expand its renewable energy footprint. The company currently operates 7.9 GW of capacity across thermal, hydro, and renewable energy.
It has plans to increase this to 10 GW by FY 2025 and aims to reach a total generation capacity of 20 GW, along with 40 GWh of energy storage capacity, by 2030. Additionally, JSW Energy has set a goal to achieve carbon neutrality by 2050.
