New Delhi: In a major stride towards accelerating India’s clean energy shift, the Solar Energy Corporation of India (SECI) has inked a landmark 25-year Power Purchase Agreement (PPA) with JSW Neo Energy, a wholly owned subsidiary of JSW Energy. The agreement, under SECI’s Firm and Dispatchable Renewable Energy (FDRE) Tranche IV scheme, secures the supply of 230 MW of load-following renewable energy at a tariff of ₹4.98 per kWh.
SECI’s Strategic Role in Firming Renewable Commitments
This PPA marks JSW Neo Energy’s first agreement under the FDRE category—designed to deliver consistent and reliable renewable power to meet grid demands. SECI, India’s premier renewable energy implementing agency under the Ministry of New and Renewable Energy (MNRE), plays a pivotal role in facilitating such long-term contracts, ensuring stable investment environments for green energy developers.
The newly signed agreement strengthens SECI’s position at the forefront of India’s transition to a clean, firm, and dispatchable power ecosystem. It also supports the government’s ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030.
JSW Energy Scales New Capacity Milestone
With this signing, JSW Energy’s total locked-in generation capacity now stands at 30.2 GW. Its under-construction portfolio alone has risen to 12.9 GW, underscoring its aggressive push toward decarbonization.
About SECI
The Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking under MNRE, is the nodal agency for implementing India’s renewable energy schemes. Established in 2011, SECI has evolved into the backbone of India’s renewable procurement, facilitating large-scale solar, wind, hybrid, and innovative FDRE projects. It continues to play a central role in achieving India’s net-zero vision through transparent bidding, strong counterparty credibility, and structured power purchase mechanisms.
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