JUNIPER GREEN ENERGY INKS PPA TO SET UP 1GW RE CAPACITY

Delhi NCR, 7th May 2024: Juniper Green Energy is excited to announce a landmark Power Purchase Agreement (PPA) with SJVN, securing a 320 MW firm and dispatchable renewable energy contract. This agreement sets the stage for the development of approximately 1 GW of capacity across two states of Gujarat and Rajasthan. This 25-year PPA, secured at a tariff of ₹4.38 with state utility SJVN reinforces our commitment to sustainable energy and our strategic goals for growth.

As our single largest project execution to date, this PPA propels our operational and under construction capacity to an impressive 2.5 GW. With this PPA, the Company ventures into more complex and technical solutions to provide firm and dispatchable renewable energy with energy storage and hybrid power projects.

Through this project, we anticipate an annual generation of 2,179 MU, which will offset approximately 20,41,811 tonnes of CO2 annually. Moreover, these initiatives are expected to significantly enhance the energy access for approximately 4.34 lakh households, fostering substantial community development and supporting regional sustainability efforts.

Naresh Mansukhani, CEO of Juniper Green Energy, commented on the achievement, stating: “This 1 GW 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.”