JSW Energy Secures Multiple Renewable Energy Projects, Reaches 20 GW Locked-In Capacity
As part of its recent moves, JSW Energy's step-down subsidiaries have signed power purchase agreements (PPAs) with DCM Shriram Ltd. and Indus Towers Ltd.
JSW Energy Ltd. has secured several new projects in the Commercial and Industrial (C&I) power market. The company's total locked-in generation capacity has now reached 20 GW, with its renewable energy (RE) C&I portfolio growing to 3.1 GW. This includes 2,654 MW of captive capacity within the JSW Group and 445 MW from third-party C&I projects.
As part of its recent moves, JSW Energy's step-down subsidiaries have signed power purchase agreements (PPAs) with DCM Shriram Ltd. and Indus Towers Ltd., which will further enhance its renewable energy offerings, as highlighted in an exchange filing.
Currently, JSW Energy has an operational capacity of 488 MW in the C&I sector, contributing to its overall 7.7 GW operational capacity across thermal, hydro, and renewable energy sources. The company is aiming for 10 GW of operational capacity by FY 2025 and has set an ambitious goal of achieving 20 GW generation capacity by 2030, along with 40 GWh of energy storage capacity.
In addition to its renewable energy expansion, JSW Energy is working towards a target of carbon neutrality by 2050, underscoring its commitment to sustainability in India's rapidly growing energy sector. With its diversified energy portfolio, the company remains well-positioned to play a key role in India's transition to cleaner and more sustainable energy solutions.
JSW Energy Ltd. is one of the leading private sector power producers in India and part of the $24 billion JSW Group which has presence in sectors such as steel, energy, infrastructure, cement, sports among others.
JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. The company is presently constructing various power projects to the tune of 2.1 GW, with a vision to achieve a total power generation capacity of 20 GW before the year 2030.
