JSW Renewable Energy Vijayanagar Limited, a subsidiary of JSW Energy, has commenced operations of 225 MW solar power plants at Vijayanagar, Karnataka. As per the company’s statement, the solar project is part of the 958 MW solar and wind projects that were previously announced. Even power purchase agreements (PPAs) were made with the company under the group captive model.
JSW Energy is currently constructing 2.25 GW of greenfield renewable energy capacity. It aims to achieve 10 GW of renewable capacity by financial year 2025 and 20 GW of renewable capacity by financial year 2030, as well as a 50 per cent decrease in its carbon footprint by 2030. With the support of renewable energy expansion, JSW Energy aimed to accomplish carbon neutrality by 2050.
In March 2022, JSW Energy signed a PPA with Haryana Power Purchase Centre for its 240 MW Kutehr hydro project in Himachal Pradesh. The agreement would be valid for 35 years. The PPA was signed at a levelised tariff of Rs 4.50 per kWh. According to the reports, the project is on track to be finished by September 2024, with 65 per cent of the tunnelling work completed by February 2022.
