Juniper Green Energy has announced that its subsidiary, Juniper Green Sigma Eight (Juniper Sigma), has signed a Power Purchase Agreement (PPA) with Tata Power Company for a 70 MW Firm and Dispatchable Renewable Energy (FDRE) power project. The agreement represents a significant development in India's renewable energy sector, involving a comprehensive hybrid renewable energy solution.

Project Specifications and Timeline

Under the 25-year PPA, Juniper Green Energy will develop a renewable energy power project with specific technical components. The project will feature a 180 MWp hybrid renewable energy system integrated with a 280 MWh Battery Energy Storage System (BESS). The facility will be located in Maharashtra state. The power supply from this project is scheduled to commence in September 2027, providing Tata Power Company with a reliable source of firm and dispatchable renewable energy for the next quarter-century.

Hybrid Technology Integration

The project incorporates advanced hybrid renewable energy technology, combining the 180 MWp capacity generation system with substantial energy storage capabilities. The 280 MWh BESS component is designed to ensure the firm and dispatchable nature of the renewable energy supply, allowing for consistent power delivery regardless of variable renewable energy generation patterns.

This hybrid approach, with integrated battery storage, represents the growing trend toward more reliable renewable energy solutions that can provide grid stability and a consistent power supply, similar to conventional power sources.

Corporate Structure and Implementation

The agreement involves Juniper Green Energy operating through its subsidiary entity, Juniper Green Sigma Eight, which will be responsible for the project development and implementation. This subsidiary structure allows for focused project management and operational efficiency for the specific FDRE initiative. The partnership with Tata Power Company provides a stable, long-term revenue stream through the 25-year PPA arrangement, ensuring project viability and supporting the substantial investment required for the hybrid renewable energy system with battery storage integration.

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