JSW Neo Energy Ltd., a wholly owned subsidiary of JSW Energy Ltd., said it has signed a power purchase agreement through its subsidiaries for 1,325 megawatts of renewable energy projects likely to be commissioned in the next 21–24 months.
A PPA for 1,025 MW of wind capacity has been signed with Solar Energy Corp. of India Ltd. It is billed as SECI’s largest single-tranche PPA ever. The company said the wind project will have a tariff of Rs 3.62/kWh for 25 years and will be commissioned within 24 months in Gujarat and Karnataka.