Announced Wed, 26 Aug · 22:33 IST
Subsidiary signs 25-year PPA with SJVN for 50 MW FDRE project
JNPR · price
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Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹268.50
prior close
₹278.30
base price
After-mkt
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AI summary
Juniper Nirjara Energy, subsidiary of Juniper Green Energy, signed a 25-year Power Purchase Agreement with SJVN Limited for a 50 MW Firm and Dispatchable Renewable Energy project. Tariff fixed at INR 4.25 per unit. Expected annual revenue of about INR 80 crore. Commissioning targeted within 24 months. Project combines solar and battery storage (BESS). Total renewable portfolio now stands at 11,216 MWp with 8,989 MWh of BESS capacity.
Likely market impact
Adds long-term revenue visibility and deepens Juniper's FDRE portfolio, reinforcing its scaled position in renewable energy.