JSW Energy’s step-down subsidiary JSW Renew Energy has signed a Power Purchase Agreement with Adani Electricity Mumbai for a 250 MW wind capacity addition.
The Adani project is located in Maharashtra, and its commissioning is expected in the next 24 months. The agreement is signed for a period of 25 years. The tariff rates in the agreement are Rs 3.65/KWh
JSW Energy commissions 281 MW RE capacity
JSW Energy has commissioned a 281 MW organic renewable energy capacity. In a press statement, the company said that of the latest energy capacity addition, 215 MW capacity additions come from solar energy, while the rest 66 MW capacity will come from wind energy.
JSW Energy is expanding its renewable energy portfolio. With the latest capacity addition of 281 MW, the company’s total installed capacity has reached 12499 MW. The renewable energy makes up 55 percent of the company’s total capacity, as the solar, wind, and hydro capacities stand at 1968 MW, 3482 MW, and 1391 MW, respectively.
The company is also ramping up its locked-in energy storage capacity. It has a 26.4 GWh hydro pumped storage capacity 2.9 GWh battery energy storage capacity. Furthermore, the company has planned to take it’s total storage capacity to 40 GWh by 2020