JSW Energy Expands Renewable Portfolio with New Agreements
JSW Energy Limited’s subsidiaries, JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited, have signed Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL). These agreements are for two Solar-Wind Hybrid Projects, each with a capacity of 600 MW, totaling 1,200 MW. The projects are expected to be completed within 24 months and will be connected to Maharashtra’s State Transmission Utility.
Project Details
The company received Letters of Award for these projects on August 29, 2024, and September 10, 2024. The PPAs are valid for 25 years with a tariff of Rs 3.60 per kilowatt-hour (kWh).
JSW Energy’s Future Plans
JSW Energy aims to expand its power generation capacity to 20 GW and energy storage capacity to 40 GWh by 2030. Currently, it has a project pipeline of 8.3 GW, with 4.4 GW already under signed PPAs. The company is committed to becoming carbon neutral by 2050.
Doubts Revealed
JSW Energy -: JSW Energy is a company in India that produces electricity. They use different sources like wind, solar, and coal to generate power.
Solar-Wind Hybrid Projects -: These are projects that use both solar panels and wind turbines to generate electricity. This combination helps produce more power by using the sun and wind together.
Maharashtra State Electricity Distribution Company -: This is a company in Maharashtra, India, that supplies electricity to homes and businesses. They make sure people have the power they need.
MW -: MW stands for Megawatt, which is a unit to measure power. One Megawatt is equal to one million watts, and it’s used to describe the capacity of power plants.
kWh -: kWh stands for kilowatt-hour, which is a unit of energy. It tells us how much electricity is used or produced over time. One kWh is equal to using 1,000 watts for one hour.
Carbon neutrality -: Carbon neutrality means balancing the amount of carbon dioxide released with an equivalent amount removed from the atmosphere. It helps in reducing the impact on climate change.
GW -: GW stands for Gigawatt, which is a unit of power. One Gigawatt is equal to one billion watts, and it’s used to describe the capacity of very large power plants.
GWh -: GWh stands for Gigawatt-hour, which is a unit of energy. It measures how much electricity is used or produced over a long period, like a day or a year.