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JSW Energy Achieves 20 GW Locked-in Capacity with New C&I Projects

Updated on: Dec 16, 2024, 3:17 PM IST
JSW Energy has secured 20 GW in renewable energy capacity, including 3.1 GW in the C&I sector. It targets 10 GW operational capacity by FY 2025 and carbon neutrality by 2050.
JSW Energy Achieves 20 GW Locked-in Capacity with New C&I Projects
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JSW Energy has made significant strides in the renewable energy sector, reaching a total locked-in generation capacity of 20 GW. This includes 3.1 GW of renewable energy capacity in the Commercial and Industrial (C&I) power market, with notable contributions from both JSW Group’s captive capacity (2,654 MW) and third-party C&I capacity (445 MW).

The company has also partnered with major clients like DCM Shriram Ltd and Indus Towers Ltd, further solidifying its presence in sustainable energy.

On December 16, 2024, JSW Energy share price opened at ₹685.00, up from its previous close of ₹678.60. At 10:39 AM, the share price of JSW Energy was trading at ₹694.20, up by 2.30% on the NSE.

Ambitious Growth Plans for 2030

With a current operational capacity of 7.7 GW across thermal, hydro, and renewable energy, JSW Energy is targeting a 10 GW operational capacity by FY 2025. The company is also focusing on energy storage, with 16.2 GWh of locked-in storage capacity. By 2030, JSW Energy plans to reach 20 GW of generation capacity and 40 GWh of energy storage capacity, working toward its ultimate goal of carbon neutrality by 2050.

The Joint Managing Director and CEO of JSW Energy, Mr Sharad Mahendra, said, “I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform. As a company specializing in energy products and services, the C&I segment presents exceptional opportunities for a sustainable future.”

He further added, “Our recent partnerships underscore our execution capabilities and commitment to supplying sustainable energy. By leveraging our expertise, we provide bespoke solutions, ensuring both value and reliability for our partners’ energy demands while reducing carbon footprints.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 16, 2024, 12:56 PM IST

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