JSW Energy Signs PPA With SECI for 540 MW of Wind Energy Projects

JSW Renew Energy has signed a PPA with SECI for 540 MW of wind energy capacity out of the total awarded capacity of 810 MW.

JSW Energy has announced that JSW Future Energy Limited (formerly JSW Solar Limited), a 100 percent subsidiary of the company had received Letter of Awards for total blended wind capacity of 810 MW from Solar Energy Corporation of India Limited (SECI) in respect of the tariff-based competitive bid invited by SECI for setting up of 2500 MW ISTS-connected blended wind power projects (Tranche – IX). 

And now, JSW Renew Energy Limited, a wholly-owned subsidiary of JSW Future Energy Limited has signed a Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI) for the Contracted Capacity of 540 MW out of the total awarded capacity of 810 MW.

“This is the single largest PPA for wind/blended wind category in the Industry, and marks the foray of the company into Wind / blended wind energy generation segment,” the firm stated.

In September 2020, the firm had first announced that its subsidiary JSW Future Energy had received Letter of Awards for the total blended wind capacity of 810 MW in respect of the tariff-based competitive bids invited by SECI for setting up of 2,500 MW ISTS-connected blended wind power projects.

In August 2020, we had reported that the SECI had accepted bids worth 970 MW for its 2.5 GW ISTS-connected wind projects tender. The nodal agency had accepted only 970 MW capacity to the two successful bidders in Vena Energy (L1) and JSW Energy (L2). Making its entry into the wind energy sector, JSW Solar had submitted the L2 bid of Rs 3.00 per unit and bagged the 810 MW project capacity in the auction.

Vena Energy, which recently won 100 MW capacity as the lowest (L1) bidder in the Gujarat Urja Vikas Nigam Limited’s (GUVNL’s) solar auction for its 700 MW solar tender, also had its bid accepted for this tender after submitting the L1 bid of Rs 2.99 per unit. The firm was awarded 160 MW wind projects capacity in the auction.