Juniper Green Energy Surpasses 1.2 GW of Renewable Energy Capacity
Juniper Green Energy crosses 1.2 GW of renewable energy capacity with the recent PPAs/ LOAs secured in the last few months.
August 01, 2023. By News Bureau
The company has been recently awarded 190 MW of Wind capacity from GUVNL and 105 MW of Solar capacity from MSEDCL at an average tariff of Rs. 3.00 (~$0.037) per kWh.
These projects were awarded through competitive bidding, followed by an e-Reverse auction held by GUVNL and MSEDCL. As per bid terms, PPA shall be signed between the entities for 25 years, and the projects will be commissioned within 18-24 months.
Additionally, the company has started construction on it’s first ISTS solar power project of 140MW capacity under the merchant/C&I route. These combined projects will produce 1.4 billion kWh of clean energy per year, leading to a reduction of approx. 1.3 million tons of CO2 equivalent emissions annually. Additionally, these projects have the potential to provide green energy to power 2.8 Lacs households.
Speaking on this development, Naresh Mansukhani, CEO of Juniper Green Energy, said “This accomplishment demonstrates our dedication to furthering Govt. of India’s vision of a sustainable India, in which the nation achieves net-zero emissions and promotes environmental sustainability. Our team is resolute in its efforts to assist India in becoming a leader in solar energy and to advance the transition to a more sustainable planet, and we are totally committed to assisting this vision by actively helping India's renewable energy sector."
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