JSW Energy Signs 230 MW FDRE Power Purchase Agreement with SECI

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy, has signed a landmark Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 230 MW ISTS-connected Firm and Dispatchable Renewable Energy (FDRE). The agreement, signed under the SECI–FDRE Tranche IV scheme, reflects JSW Energy’s firm commitment to innovation and sustainability in the renewable energy space.

First FDRE Project PPA Signed

This agreement marks JSW Energy’s first PPA specifically for an FDRE project. Signed for a 25-year tenure, the deal secures power at a tariff of ₹4.98 per kWh. With this milestone, the company’s total under-construction capacity now stands at 12.9 GW, while the total locked-in generation capacity has reached an impressive 30.2 GW. 

This development further positions JSW Energy to achieve its long-term strategic target of 30 GW of installed generation capacity and 40 GWh of energy storage by 2030.

About JSW Energy and its Strategic Vision

JSW Energy Ltd, part of the $23 billion JSW Group, is among India's top private sector power producers. Since its commercial operations began in 2000 at Vijayanagar, Karnataka, the company has scaled its generation capacity from 260 MW to 12.8 GW. With a focus on diverse power assets, clean energy, and value-driven growth, the company continues to push boundaries. The signing of this 230 MW FDRE PPA is a key step in that direction.

Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, commented:

“We are proud to announce the signing of our 1st Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy’s commitment to providing advanced and tailored energy solutions that address the dynamic requirements of our offtakers.

Also Read: JSW Energy Signs 25-Year PPA with BESCOM for 100MW Solar + Battery Storage Project!

JSW Energy Share Price Performance 

As of July 25, 2025, at 10:37 AM, JSW Energy share price is trading at ₹518.15 per share, reflecting a decline of 2.70% from the previous closing price. Over the past month, the stock has gained by 2.06%.

Conclusion

With this first 230 MW FDRE PPA now in place, JSW Energy has further solidified its position as a forward-thinking leader in India’s renewable energy landscape. The agreement not only brings the company closer to its 2030 vision but also showcases its dedication to offering reliable, clean, and customisable power solutions to meet evolving industry needs.

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