JSW Energy Partners with SECI for Major 700 MW Solar Project: A Step Towards Carbon Neutrality

JSW Energy announced that its subsidiary, JSW Renew Energy Eleven, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) to provide power from a new 700 MW solar project.

This agreement is set for 25 years, with a price of ₹2.56 per kilowatt-hour. The solar project is expected to be completed within the next two years.

JSW Renew Energy Eleven will connect this solar capacity to the Inter-State Transmission System (ISTS) under SECI’s Tranche XIII program.

JSW Energy aims to reach a total operational capacity of 10 GW by the fiscal year 2025. Currently, it has 7.9 GW of operational capacity from thermal, hydro, and renewable energy sources. The company also has 16.2 GWh of energy storage capacity through battery systems and hydro-pumped storage.

In addition to these goals, JSW Energy plans to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030. The company has set an ambitious goal of becoming carbon neutral by 2050.