BluPine Energy secures 25-year PPA with SJVN Ltd for 150 MW assured peak power project

Type: Ppa · Technology: Hybrid · Country: India · Capacity: 150 MW · Announced: 2026-07-01

BluPine Energy has signed a 25-year power purchase agreement (PPA) with SJVN Ltd for 150 MW of assured peak power capacity. This capacity was awarded to BluPine Energy under SJVN Green Energy’s FDRE-4 tender at a tariff of INR 6.74/kWh. The project requires the developer to set up renewable energy projects coupled with energy storage systems to supply firm and dispatchable renewable energy. BluPine’s 150 MW project will supply firm renewable power during peak demand periods from 00:00 to 08:00 and from 17:00 to 24:00. This long-term PPA aims to strengthen grid stability and enable utilities to meet surging evening and morning demand through clean energy sources.

Analysis

BluPine Energy has signed a 25-year power purchase agreement (PPA) with SJVN Ltd for 150 MW of assured peak power capacity in India. SJVN Ltd, an Indian public sector enterprise, is primarily engaged in the generation and transmission of hydroelectric power, with a growing portfolio in solar, wind, and thermal energy. The project, awarded under SJVN Green Energy’s FDRE-4 tender at a tariff of INR 6.74/kWh, requires the developer to set up renewable energy projects coupled with energy storage systems. The 150 MW project will supply firm renewable power during peak demand periods from 00:00 to 08:00 and from 17:00 to 24:00. The PPA was announced on 2026-07-01.

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