JSW Energy Commissions 281 MW Organic RE Capacity and Signs PPA for 250 MW Wind Project

JSW Energy Limited ("The Company") is pleased to announce the successful commissioning of 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output.

With this capacity addition, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in overall capacity to 55%.

Further, JSW Renew Energy Three Limited, a stepdown subsidiary of the Company, has signed Power Purchase Agreement (or "PPA") with Adani Electricity Mumbai Limited for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of ₹3.65/KWh. The aforesaid project is located in Maharashtra and is expected to be commissioned in the next 24 months.

JSW Energy has total locked-in generation capacity of 29.9 GW comprising of 12.5 GW operational, 12.4 GW under-construction across wind, thermal and hydro and pipeline of 4.9 GW. The company also has 29.3 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and battery energy storage system of 2.9 GWh. The Company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Under its Strategy 3.0 growth roadmap, the Company is targeting to achieve 30 GW of generation capacity and 40 GWh of energy storage by FY 2030, reinforcing its position as a leading player in India's energy transition.

Shares of JSW Energy Limited was last trading in BSE at Rs. 508.15 as compared to the previous close of Rs. 509.15. The total number of shares traded during the day was 181621 in over 5625 trades.

The stock hit an intraday high of Rs. 515.00 and intraday low of 505.55. The net turnover during the day was Rs. 92768524.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 RenewableEnergyCapacity