Key Transaction Details
Juniper Nirjara Energy Private Limited, subsidiary of Juniper Green Energy Limited, executed Power Purchase Agreement with SJVN Limited to undertake and develop 50MW Firm and Dispatchable Renewable Energy Project. The agreement was signed on August 26, 2026.
Significant Terms and Conditions
- Project Capacity: 50MW Firm and Dispatchable Renewable Energy Project
- PPA Term: 25 years from commercial operations date
- Tariff: INR 4.25 per unit
- Expected Annual Revenue: INR 80.00 crore
- Scheduled Commercial Operations Date (SCOD): Within 24 months from effective date of PPA signing
- Technical Requirements: Four hours of peak-hour supply with 90% availability monthly, minimum annual Capacity Utilisation Factor as per bid requirements
- Technology Combination: Solar and Battery Energy Storage System (BESS)
Tender Background
The tender (SJVN FDRE-2) was issued under Tariff-Based Competitive Bidding guidelines. Letter of Award was received on February 3rd, 2025.
Corporate Structure and Relationships
- Awarding Entity: SJVN Limited (Domestic Entity)
- No promoter/promoter group/group company interest in SJVN Limited
- Not a related party transaction
- Transaction conducted at arm's length
Portfolio Impact
With this addition, Juniper Green Energy's portfolio now stands at:
- 11,216 MWp of renewable energy capacity
- 8,989 MWh of BESS capacity
Management Commentary
Ankush Malik, Wholetime Director & CEO, stated this PPA strengthens partnership with SJVN and supports company's strategy to build scaled FDRE portfolio. The integrated capabilities across solar generation and battery energy storage enable reliable and dispatchable renewable energy solutions.
Company Background
Juniper Green Energy Limited is an independent renewable energy power producer with:
- Operational capacity: 2.57 GWp and 500 MWh BESS
- Total portfolio: Over 11 GWp and 8.9 GWh BESS (including operational, under-construction, contracted and awarded projects)