Published On:May 8 2024
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"Juniper Green Energy Secures 320 MW Renewable Energy Contract with SJVN"

Juniper Green Energy has entered into a 25-year power purchase agreement (PPA) with the state-run firm SJVN to supply 320 megawatts (MW) of firm and dispatchable renewable energy (FDRE), the company announced on Tuesday. This PPA signifies a significant move for Juniper Green Energy, marking its transition into more complex renewable energy projects with hybrid solutions incorporating energy storage.

According to Juniper Green Energy, this agreement will pave the way for developing around 1 gigawatt (GW) of capacity across the Indian states of Gujarat and Rajasthan. The 25-year PPA has been set at a tariff of ₹4.38 per unit, reflecting a strategic focus on sustainable energy and ambitious growth targets. Juniper Green Energy's CEO, Naresh Mansukhani, noted that this project is the company's largest to date and a milestone in delivering large-scale, hybrid renewable energy projects combining solar, wind, and battery storage.

The company's projections estimate that the new project will generate around 2,179 million units (MU) annually, thereby reducing carbon dioxide (CO2) emissions by approximately 20,41,811 tonnes each year. This renewable energy contribution is expected to positively impact the local community, improving energy access for about 4.34 lakh households in the region, while promoting broader sustainability initiatives.

In the project's scope, Juniper Green Energy will establish 150 MW of solar power capacity in Gujarat, with the remaining 780 MW coming from projects in Rajasthan. This capacity will consist of a mix of solar, wind, and battery energy storage, enabling the firm to provide reliable and consistent energy.

Juniper Green Energy currently has an operational portfolio of about 1 GW, with an additional 1.5 GW under construction and a development pipeline of nearly 5.5 GW covering solar, wind, and hybrid projects. The company also offers end-to-end services for engineering, procurement, construction (EPC), and operations and maintenance (O&M) in the renewable energy sector.

"This agreement with SJVN is a testament to our commitment to advancing India's sustainable energy future," CEO Naresh Mansukhani added. "It highlights our ability to manage and successfully deliver large-scale hybrid projects, and we look forward to bringing clean, renewable energy to more communities in the years ahead."

HBL





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