Juniper Green Energy now has more than 1.2GW of renewable energy capacity

2 Aug 2023 , 01:50 AM

Juniper Green Energy, a renewable energy provider, announced on Tuesday that it has reached 1.2GW of renewable energy production capacity. Juniper Green Energy has secured 1.2 GW of renewable energy capacity through recent PPAs/LOAs (power purchase agreements and letters of award), according to a company release.

According to the company, which is an independent renewable energy power producer and operator of solar, wind, and hybrid power projects, it was recently given 190 MW of wind capacity from GUVNL and 105 MW of solar capacity from MSEDCL at an average cost of Rs 3.00 (about USD 0.037) per kWh.

Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) won these projects through competitive bidding, which was followed by an e-Reverse auction.

According to the bid terms, a PPA will be signed between the organizations for a period of 25 years, and the projects will be completed within 18-24 months. Furthermore, via the merchant/C&I route, the company has begun construction on its first ISTS solar power plant of 140MW capacity.

These combined projects will generate 1.4 billion kWh of clean energy per year, resulting in an annual reduction of about 1.3 million tons of CO2 equivalent emissions. Furthermore, these initiatives have the ability to deliver green energy to 2.8 million households.

‘This accomplishment demonstrates our dedication to furthering the Government of India’s vision of a sustainable India, in which the nation achieves net-zero emissions and promotes environmental sustainability” Naresh Mansukhani, CEO of Juniper Green Energy, stated to ET.

Juniper Green Energy is a subsidiary of the AT Group, which has a USD 2.5 billion asset portfolio comprised of global investments in renewable energy, residential and commercial real estate, hotels, and other sectors.

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