JSW Renew Energy, the renewable energy wing of JSW Energy has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for supplying┬а 540 MegaWatt (MW) out of the total awarded capacity of 810 MW of blended wind power capacity.
i. It is the single largest PPA for wind/blended wind power capacity awarded to a company.
ii. JSW Renew Energy won the contract for 810 MW of blended Wind Power Project in a competitive bidding done by SECI in September, 2020.
Previous Contracts
i. In March 2021, JSW Energy was awarded a contract for 450 GW of wind power capacity. It aims to become a 10GW energy firm in this decade (2020-30).
- JSW Energy has a power generation capacity of 4, 559 MW – 3, 158 MW thermal, 1, 391 MW hydel and 10 MW of solar power plants.
IndiaтАЩs Renewable Energy Target
i. India has set a target to raise the capacity of installed Renewable Energy (RE) generation plants to 450 GW by 2030.
- The Current installed RE generation capacity stands 94 GW, 34 GW is in the implementation stage & 30 GW are in the bidding stage.
- 46.2 GW of hydro and 6.8 GW of nuclear capacities are also currently online.
Recent Related News:
i. On April 6, 2021, Ladakh UT Administration, LAHDC & SECI Ltd signed a Tripartite MoU for setting up a 50 MW solar power project at Taru (Taroo) in Leh District
About JSW Energy:
Joint MD & CEO – Prashant Jain
Headquarters – Mumbai, Maharashtra
About Solar Energy Corporation of India (SECI):
An Central Public Sector Undertaking (CPSU) under Ministry of New and Renewable Energy (MNRE)
Chairman & MD – Jatindra Nath Swain
Head Office – New Delhi
