Juniper Green Energy signs 50 MW FDRE PPA with SJVN
Juniper Green Energy, via its subsidiary, signed a 25-year PPA with SJVN for a 50 MW Firm and Dispatchable Renewable Energy project. The PPA is at ₹4.25 per unit, with expected annual revenue of ₹80 crore. The project integrates solar and battery storage. This addition boosts Juniper's portfolio to 11,216 MWp renewable capacity and 8,989 MWh BESS.
The PPA is for a substantial 50 MW project with a 25-year tenure and an expected annual revenue of ₹80 crore, significantly contributing to the company's overall capacity and future earnings. This is a material development for a renewable energy company.
The company has secured a significant new order for a substantial renewable energy project with a long-term PPA, which is expected to generate considerable annual revenue. This expansion strengthens their portfolio and aligns with strategic growth objectives in the renewable energy sector.
Juniper Green Energy Limited, through its subsidiary Juniper Nirjara Energy Private Limited, has executed a 25-year Power Purchase Agreement (PPA) with SJVN Limited for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project. This project, part of the SJVN FDRE-2 scheme, was awarded under Tariff-Based Competitive Bidding (TBCB) guidelines, with a Letter of Award (LOA) received on February 3rd, 2025. The PPA is signed at a tariff of ₹4.25 per unit for a tenure of 25 years. The project requires four hours of peak-hour supply with 90% availability monthly and a minimum annual Capacity Utilisation Factor (CUF) as per bid requirements. It will integrate Solar and Battery Energy Storage System (BESS) technologies.
The expected annual revenue from this contract is ₹80.00 crore. The project is to be executed within 24 months from the effective date of signing the PPA. With this addition, Juniper Green Energy's total renewable energy capacity portfolio stands at 11,216 MWp, complemented by 8,989 MWh of BESS capacity.
Ankush Malik, Wholetime Director & CEO of Juniper Green Energy Limited, stated that the signing of this PPA strengthens their partnership and is a significant step in building a scaled portfolio of FDRE projects. He highlighted the increasing importance of delivering renewable energy during peak demand hours and how their integrated capabilities in solar generation and battery storage enable reliable and dispatchable solutions. He expressed enthusiasm for continuing to develop large-scale, reliable clean energy solutions with SJVN to support India's sustainable power system transition.
A plain-language summary of a public exchange filing by Juniper Green Energy Limited. Read the original for the full detail.