JSW Energy Secures 445 MW of C&I projects

Mumbai, India: JSW Energy has secured multiple renewable energy (“RE”) projects in the Commercial and Industrial (C&I) power market, achieving a total locked-in generation capacity of 20 GW. The company's locked in RE C&I capacity stands at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity. Currently, the operational C&I capacity of the company stands at 488 MW.

In recent developments, the Company’s step-down subsidiaries have executed PPAs with DCM Shriram Ltd and Indus Towers Ltd for the supply of RE power. These strategic partnerships underscore the Company's commitment towards sustainable energy solutions. Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW.
 

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Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, 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. 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.” JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

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ABOUT JSW ENERGY:

JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 24 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. With strong operations, robust corporate governance and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth, and create value for all stakeholders.

JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 7,740 MW having a portfolio of Thermal 3,508 MW, Wind 2,166 MW, Hydel 1,391 MW and Solar 675 MW ensuring diversity in geographic presence, fuel sources and power off-take arrangements. 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.

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