JSWEL signs PPA with Indus Towers for supply of 130 MW solar power
Author: PPD Team Date: December 16, 2024
Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million.
The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model.
As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to achieving net-zero emissions.
The solar PV plant is expected to be operational by March 2026.
JSW Green Energy Eight, established in October 2024 under the JSW Group, focuses on developing renewable energy projects to meet the growing demand for sustainable power.