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JIRE Inks PPA with SECI for 150 MW Round-the-Clock Renewable Supply

Jindal India Renewable Energy (JIRE) has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to deliver 150 MW of round-the-clock (RTC) renewable energy from a hybrid solar–wind–storage project.

JIRE confirmed the development in a social media announcement, noting that the hybrid project—combining solar, wind, and storage assets—is expected to begin supplying firm renewable power to the national grid by FY 2027–28. The company described the project as a significant milestone in its commitment to providing uninterrupted, reliable green power.

The agreement follows SECI’s tender issued in November 2024 to procure 1,200 MW of RTC renewable energy. At the auction held in May 2025, JIRE secured a 150 MW allocation at a tariff of INR 5.07/kWh.

Under the PPA terms, JIRE will develop ISTS-connected renewable energy projects, including constructing transmission infrastructure and establishing grid interconnection points. The company will oversee land identification, project development, ownership, regulatory approvals, and seamless integration with the ISTS network to supply power to DISCOMs contracted through SECI.

According to JIRE, the ISTS-linked project is tailored to meet stringent RTC requirements, including ensuring 90% power availability during peak hours—a critical benchmark for grid reliability. The company said this achievement brings it a step closer to supporting India’s transition to a stable, net-zero energy future.

JIRE has also recently strengthened its project portfolio, winning a 300 MW solar-plus-storage project from state-owned SJVN under its 1,200 MW ISTS-connected solar tender, which includes 600 MW/2400 MWh of battery energy storage systems (BESS). Additionally, the company received a Letter of Acceptance from NHPC for another 300 MW solar-plus-storage project under NHPC’s 1,200 MW ISTS-connected solar programme, equipped with 600 MW/1200 MWh of storage capacity.

As part of its long-term expansion strategy, the B C Jindal Group plans to invest USD 2.5 billion in renewable energy by 2030, aimed at bolstering grid stability and meeting India’s rising energy needs through advanced storage technologies.

Further, through JIRE, the group is establishing a 2 GW solar cell and module manufacturing facility in Maharashtra, expected to be operational by September 2026. The company has also indicated its intention to expand operational renewable assets across India over the next four years, funded through internal accruals and debt.