SJVN to Build 1.2GW Solar Parks in Punjab

• SJVN wins contract to install 1.2 GW solar parks across India & 200 MW in Punjab. The projects will be developed on BOO basis with 25-year PPA. An estimated cost of INR 70 billion with completion by Dec 2024. SJVN aiming for 25 GW of renewable energy capacity by the end of the decade.

Satluj Jal Vidyut Nigam (SJVN) has won a contract to install 1.2 GW of solar parks across India and 200 MW in Punjab. The projects will be developed on a Build-Own-Operate (BOO) basis and will be powered by a 25 year Power Purchase Agreement (PPA) between PSPCL and SJVN Green Energy. The estimated cost of the project is INR 70 billion (USD 855.6m/EUR 722.1m) and the solar farms are expected to go online by December 2024. SJVN is aiming to have 25 GW of installed renewable energy capacity by the end of the decade and 50 GW by 2040. The 1.2-GW project has expanded SJVN's capacity to 5 GW.

What Is The Cost and Timeline for SJVN's 1.2-GW Solar Project?

• The cost of the 1.2-GW solar project is estimated at INR 70 billion (USD 855.6m/EUR 722.1m).The Power Purchase Agreement (PPA) between P
• SPCL and SJVN Green Energy is for 25 years.
• The project is expected to be completed by December 2024.
• The 1.2-GW project will expand SJVN's total installed renewable energy capacity to 5 GW.
• SJVN aims to have a total installed renewable energy capacity of 25 GW by end of the decade and 50 GW by 2040.