The 1.2GW mark for renewable energy generating capacity has been reached, according to the renewable energy manufacturer Juniper Green Energy. With the recent PPAs/LOAs (power purchase agreements and letters of award) acquired in the past several months, Juniper Green Energy said in a statement that its renewable energy capacity has surpassed 1.2 GW. The company, an independent producer of renewable energy and operator of solar, wind, and hybrid power projects, has received contracts from GUVNL and MSEDCL for 190 MW of wind capacity and 105 MW of solar capacity, respectively, at an average rate of Rs 3.00 (about USD 0.037) per kWh.
The Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) launched an e-Reverse auction after competitive bidding to award these projects.
The projects will be commissioned within 18 to 24 months, and a PPA for 25 years must be negotiated between the parties. Additionally, the business has begun work on its first 140MW ISTS solar power plant via the merchant/C&I method.
These projects taken together will provide 1.4 billion kWh of clean energy annually, resulting in a decrease of about 1.3 million tonnes of CO2 equivalent emissions. Additionally, these initiatives have the capacity to supply 2.8 Lac households with green energy.
Naresh Mansukhani, CEO of Juniper Green Energy, said, "This achievement illustrates our dedication to supporting the Government of India's vision of a sustainable India, in which the country achieves net-zero emissions and promotes environmental sustainability. A member of the AT Group, Juniper Green Energy has investments across the globe in renewable energy, residential and commercial real estate, hospitality, and other industries. The AT Group's asset portfolio is estimated to be worth USD 2.5 billion.