New Delhi: Juniper Green Energy on Tuesday said it has inked a power purchase agreement (PPA) with state-owned SJVN Ltd to supply round-the-clock 320 MW renewable energy.
To cater to this, the company will be developing 1GW of capacity across Gujarat and Rajasthan, a statement said.
The 25-year PPA, secured at a tariff of Rs 4.38 per unit, propels Juniper's operational and under construction capacity to 2.5 GW.
Through this project, the company anticipates an annual generation of 2,179 million units, which will offset approximately 20,41,811 tonne of CO2 annually.
Moreover, these initiatives are expected to significantly enhance the energy access for approximately 4.34 lakh households.
"This PPA with SJVN demonstrates our capability to undertake and successfully deliver large-scale, impactful hybrid projects, combining Solar, Wind and Battery Storage, that drive the national agenda for a sustainable future," Naresh Mansukhani, CEO of Juniper Green Energy said.
Juniper is an independent renewable energy power producer and operator of solar, wind and hybrid power projects with significant experience in conceptualizing, building, and developing renewable energy assets.
The company is part of the AT Group which has an asset portfolio of USD 2.5 billion with global investments in renewable energy, residential & commercial real estate, hospitality etc.
Juniper Green Energy, based out of Delhi-NCR, commenced operations in October 2018.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)