JSW Renew, NTPC sign PPA for 700 MW solar project

JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026.

This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW, with PPAs signed for 2 GW. The company’s total generation capacity now stands at 18.2 GW, including 7.7 GW operational, 2.1 GW under construction, and 8.3 GW in renewable energy projects.

JSW Energy has set a target to achieve 20 GW of generation capacity and 40 GWh of energy storage by 2030 while aiming for carbon neutrality by 2050.