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 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.
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.
India’s 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