Renewables
|
Updated on 13 Nov 2025, 10:28 am
Reviewed By
Aditi Singh | Whalesbook News Team
Juniper Green Energy announced on Thursday that it has entered into a crucial Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). This agreement is for a 50-megawatt (MW) wind energy project to be developed in Gujarat by Juniper Green Energy's arm, Juniper Green BESS Delta. The PPA, officially signed on November 7, has a long-term validity of 25 years. Power supply from this project is expected to begin on November 6, 2027. This development reinforces the company's commitment to expanding its renewable energy capacity and contributes to Gujarat's energy goals.
Impact: This long-term PPA provides Juniper Green Energy with a stable and predictable revenue stream, which is highly attractive to investors and can bolster the company's financial standing. It signals continued growth and execution in the renewable energy sector, potentially enhancing investor confidence. For the Indian stock market, it represents positive sentiment for the renewable energy sector, aligning with national clean energy targets. Rating: 6/10.
Difficult Terms: Power Purchase Agreement (PPA): A contract between an electricity producer and a buyer that establishes the terms and conditions for the sale of electricity generated. It typically specifies the price, quantity, and duration of the power supply. Megawatt (MW): A unit of electrical power equal to one million watts. It is used to measure the capacity of power generation facilities. Subsidiary: A company that is owned or controlled by another company, known as the parent company.