JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy Limited, has announced that it has signed a power purchase agreement (PPA) with NTPC Limited for a solar capacity of 700 MW. 

 

As per exchange filings, the solar project will be integrated with the interstate transmission system (ISTS) and state transmission utility (STU) networks, delivering electricity at a tariff rate of ? 2.59 per kilowatt-hour (kWh) for the next 25 years. The project, which is slated for commissioning in June 2026, will play a significant role in JSW Energy's growing renewable energy portfolio.

 

The company currently has a solar pipeline capacity of 3.2 GW, with power purchase agreements (PPAs) already secured for 2.0 GW. This agreement marks a crucial advancement in the company’s efforts to enhance its renewable energy presence and support India's transition to sustainable energy.

 

JSW Energy's total generation capacity has reached 18.2 GW, comprising an operational capacity of 7.7 GW and on-going projects totaling 2.1 GW across wind, thermal, and hydro sectors. The company also has a renewable energy pipeline of 8.3 GW. To strengthen its clean energy strategy, JSW Energy is developing 16.2 GWh of storage capacity through battery energy storage systems and hydro-pumped storage projects.