Juniper Green Energy LOA pipeline totals 5,079 MWp capacity

Juniper Green Energy Limited reports a letter of award (LOA) pipeline of 5,079 megawatt-peak (MWp), comprising 3,710 megawatts (MW) of alternating-current capacity and 4,900 megawatt-hours (MWh) of battery energy storage system (BESS) capacity. Juniper Green Energy lists 14 LOA entries, all marked with secured connectivity, although configurations may change at power purchase agreement (PPA) signing or later.

How large is Juniper Green Energy's LOA pipeline?

Juniper Green Energy's LOA pipeline totals 3,710 MW of alternating-current (AC) capacity, 5,079 MWp of direct-current capacity and 4,900 MWh of BESS. The 14 entries name SJVN, Solar Energy Corporation of India (SECI), National Hydroelectric Power Corporation (NHPC), NTPC and Gujarat Urja Vikas Nigam Limited (GUVNL) as off-takers, with secured connectivity shown for every project.

The LOA portfolio is larger than Juniper Green Energy's PPA-signed under-construction portfolio, which is listed at 3,294 MWp and 3,485 MWh of BESS. Based on the presentation totals, the LOA list is 1,785 MWp larger and contains 1,415 MWh more storage than the signed under-construction list. The presentation separates these portfolios: page 21 covers PPA-signed projects and page 22 covers LOA-received projects.

What is the mix of Juniper Green Energy's LOA projects?

Juniper Green Energy's LOA table contains nine WSH-labelled projects, four FDRE-labelled projects and one wind project. The four FDRE awards account for the entire 4,900 MWh of listed BESS, while the 50 MWp GUVNL Wind-7 project has no storage capacity.

The presentation's reported MWp total differs by 1 MWp from the sum of its project rows. The nine WSH entries total 2,572 MWp, the four FDRE entries total 2,458 MWp and the wind entry totals 50 MWp, producing 5,080 MWp against the stated total of 5,079 MWp. The listed AC capacity reconciles to 3,710 MW and the four storage entries reconcile to 4,900 MWh.

Which off-takers anchor Juniper Green Energy's LOA awards?

Juniper Green Energy's largest listed LOA is Thermal Mimic, an 870 MWp FDRE project for SECI with 605 MW of AC capacity and 2,200 MWh of BESS. Its special purpose vehicle (SPV) is yet to be finalised, but the table marks the project as having secured connectivity. GUVNL Wind-7, the 50 MWp wind entry, also has an SPV yet to be finalised and secured connectivity.

NHPC is the off-taker for two storage-backed FDRE awards: Juniper Green Beam Alpha Private Limited at 505 MWp with 900 MWh of BESS, and Juniper Green Power Omega Private Limited at 720 MWp with 1,200 MWh. SJVN appears against four WSH projects totalling 1,160 MWp and Juniper Green Bess One Private Limited, an FDRE project with 363 MWp and 600 MWh of storage.

What tariffs does Juniper Green Energy list for LOA projects?

Juniper Green Energy lists LOA tariffs from Rs 3.19 per kilowatt-hour (kWh) for the 464 MWp Juniper Green Alpha Three Private Limited WSH project to Rs 5.26 per kWh for the 870 MWp Thermal Mimic FDRE project. The FDRE awards are listed between Rs 4.25 and Rs 5.26 per kWh, while WSH tariffs range from Rs 3.19 to Rs 3.48 per kWh. GUVNL Wind-7 is listed at Rs 3.51 per kWh.

The tariff range differs from the PPA-signed under-construction portfolio, where WSH projects are listed from Rs 3.21 to Rs 3.60 per kWh and FDRE projects from Rs 4.25 to Rs 4.76 per kWh. Every entry in the signed portfolio is marked tariff adopted, whereas the LOA table does not provide tariff-adoption status. It provides the off-taker, capacity, BESS, tariff and connectivity fields instead.

How does Juniper Green Energy's LOA pipeline compare with construction projects?

Juniper Green Energy reports 3,710 MW of AC capacity, 5,079 MWp and 4,900 MWh of BESS in the LOA list, compared with 2,481 MW, 3,294 MWp and 3,485 MWh for PPA-signed projects under construction. The LOA portfolio is therefore larger on each reported capacity measure, but it remains separately classified as LOA-received rather than PPA-signed.

The signed under-construction portfolio has disclosed plant-readiness dates from November 2026 to December 2027. Juniper Green Light Ten Private Limited, with 480 MWp and 884 MWh of BESS, has expected readiness in June 2027 and BESS commissioning phased from April 2027. Juniper Nirjara Energy Private Limited, with 116 MWp and 235 MWh, has expected readiness in December 2027 and a BESS installation date of December 2026.

Conclusion

Juniper Green Energy's LOA portfolio reports 5,079 MWp, 3,710 MW of AC capacity and 4,900 MWh of BESS, with every listed project showing secured connectivity. Storage is concentrated in four FDRE awards, led by Thermal Mimic's 2,200 MWh, while the portfolio is presented separately from the 3,294 MWp PPA-signed construction pipeline.

The next disclosed milestone is PPA signing and final project configuration. Juniper Green Energy states that LOA configurations may be revised when PPAs are signed or afterwards under applicable terms, while Thermal Mimic at 870 MWp and GUVNL Wind-7 at 50 MWp still have SPVs to be finalised.