Archive · 25 Jul 2025
JSW Energy Signs PPA with SECI, Stock Falls Slightly
Imagine a company, JSW Energy, making a deal to sell clean energy.
They made an agreement with Solar Energy Corporation of India to provide a certain amount of power.
This power will come from sources that are always available.
This deal will last for 25 years, and they'll get paid a set price for each unit of energy.
This is the first time JSW Energy has done this kind of deal.
Even though it's a good step for clean energy, the company's stock price went down a bit at first.
JSW Neo Energy Limited signed a Power Purchase Agreement with Solar Energy Corporation of India.
The agreement is for 230 MW of Firm and Dispatchable Renewable Energy.
The PPA is for a 25-year tenure with a tariff of Rs 4.98 per kWh.
This is JSW Energy's first PPA for a FDRE project.
JSW Energy's stock experienced a decline in early trading.
- Who
- JSW Neo Energy Limited and Solar Energy Corporation of India.
- What
- JSW Neo Energy Limited signed a Power Purchase Agreement for renewable energy.
- When
- The agreement was announced recently.
- Where
- The specific location of the project isn't mentioned.
- Why
- To supply Firm and Dispatchable Renewable Energy.
- Company
- JSW Energy
- Subsidiary
- JSW Neo Energy Limited
- Agreement
- Power Purchase Agreement (PPA)
- With
- Solar Energy Corporation of India (SECI)
- Capacity
- 230 MW
- Type
- Firm and Dispatchable Renewable Energy (FDRE)
- Tariff
- Rs 4.98 per kWh
- Tenure
- 25 years