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Jakson Green secures 100 MW solar plant PPA with RUVNL – EQ

Jakson Green secures 100 MW solar plant PPA with RUVNL – EQ


In Short : Jakson Green has secured a Power Purchase Agreement (PPA) for a 100 MW solar plant with the Rajasthan Urja Vikas Nigam Limited (RUVNL). This agreement indicates progress in renewable energy projects, with Jakson Green contributing to the solar energy capacity in Rajasthan, India.

In Detail : The project will provide clean electricity to thousands of households and cut carbon emissions, demonstrating Jakson Green’s commitment to renewable energy and a greener future.

Jakson Green, a prominent player in the renewable energy transition, has announced the signing of its inaugural Power Purchase Agreement (PPA) with Rajasthan Urja Vikas Nigam Ltd (RUVNL) for a 100 MW solar photovoltaic (PV) plant in Rajasthan, spanning 25 years. This development underscores the company’s emergence as a significant Independent Power Producer (IPP) within India’s burgeoning renewable energy sector and aligns with the country’s ambitious target of achieving 450 GW of Solar PV installation by 2030.

The project procurement unfolded as RUVNL sought proposals for establishing STU-connected Solar PV projects across Rajasthan in April 2023. Following a competitive bidding process, the company secured the 100 MW project at a tariff of ₹2.61 per unit. The plant is slated for commissioning within 18 months from the PPA signing date, addressing both India’s renewable energy objectives and the state’s escalating power requirements.

Kannan Krishnan, Joint Managing Director of Jakson Green Pvt Ltd, expressed enthusiasm about the collaboration with RUVNL, emphasising its significance in steering India’s energy transition towards sustainability. The partnership not only cements the company’s position as a key player in the renewable energy domain but also underscores its commitment to addressing regional power requirements and fostering employment opportunities.

Expected to supply clean electricity to approximately 80,000 households annually and abate 187,578 MT per year of carbon emissions, the 100 MW solar PV plant underscores Jakson Green’s commitment to advancing renewable energy initiatives. This undertaking marks a significant milestone in Jakson Green’s IPP journey and exemplifies its commitment to a cleaner, more effective future run on renewable energy sources.

Anand Gupta Editor - EQ Int'l Media Network