New Delhi: JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totalling 300 MW. The PPA is signed for the supply of power for a period of 25 years with a tariff of Rs 2.94 per kilowatt (KWh), JSW Energy said in a statement on Friday.
"JSW Renew Energy Three, a wholly-owned step-down subsidiary of JSW Energy, has signed PPA with SECI for 300 MW ISTS-connected wind power projects awarded under SECI Tranche-XII," it said. (Also Read: Deals On iPhone 14: Amazon vs Flipkart vs Vijay Sales - Check Where It Is Available At Lowest)
The projects are located in Maharashtra and expected to be commissioned in the next 24 months, the company said. (Also Read: Why Smartphones Have Non-Removable Batteries? Know Here)
The company has set a target to reach 20 GW capacity by 2030 and 10 GW by 2025. With a total locked-in capacity of 9.9 GW, JSW Energy is well-placed to achieve its targets well ahead of time.
In addition, the company has made a foray into energy storage space and has currently locked in 3.4 GWh of energy storage capacity by means of a battery energy storage system and hydro-pumped storage project.
