JSW Renew Energy Thirteen Limited, a step-down subsidiary of JSW Energy Limited, has announced the signing of a Power Purchase Agreement (PPA) with NTPC Limited for a solar capacity of 700 MW.

According to an exchange filing, this solar project will be connected via Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks, supplying power at a tariff rate of Rs2.59 per kilowatt-hour (kWh) for the next 25 years.

The project, which is expected to be commissioned by June 2026, is a key part of JSW Energy’s expanding renewable energy portfolio.

The company currently has a solar pipeline capacity of 3.2 GW, of which 2.0 GW already has signed PPAs. This agreement marks a significant step towards the company’s goal of expanding its renewable energy footprint and contributing to India’s energy transition.

JSW Energy’s total generation capacity now stands at 18.2 GW, which includes 7.7 GW of operational capacity and 2.1 GW of ongoing projects across wind, thermal, and hydro segments.

The company also boasts a renewable energy pipeline of 8.3 GW. To bolster its clean energy strategy, JSW Energy is developing a storage capacity of 16.2 GWh through battery energy storage systems and hydro-pumped storage projects.