JSW Energy has reached a significant milestone by locking in a total generation capacity of 20 GW, showcasing its leadership in the renewable energy sector. The company has made impressive strides in the Commercial and Industrial (C&I) power market, securing various renewable energy (RE) projects. As part of its total locked-in capacity, JSW Energy now has 3.1 GW in the C&I sector, which includes 2,654 MW of captive capacity and 445 MW of third-party C&I capacity. The operational C&I capacity currently stands at 488 MW.
In recent developments, the company’s step-down subsidiaries have entered into power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd to supply renewable energy. These strategic agreements highlight JSW Energy’s commitment to providing sustainable energy solutions and underline its strong execution capabilities in the renewable energy sector. Following these agreements, the company’s locked-in generation capacity has increased to 20 GW.
Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy expressed his enthusiasm about the company’s growth, stating that reaching the 20 GW milestone is a testament to their efforts in becoming a major player in the energy industry. He emphasized the exceptional opportunities the C&I segment presents for a sustainable future and highlighted the company’s ability to provide tailored energy solutions to meet partners’ needs while minimizing carbon footprints.
JSW Energy also set a target to achieve 10 GW of operational capacity by FY 2025, with its current operational capacity standing at 7.7 GW, spanning thermal, hydro, and renewable energy sources. In addition, the company has 16.2 GWh of locked-in energy storage capacity, including a battery energy storage system and a hydro-pumped storage project. JSW Energy has ambitious plans to reach 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030. The company also aims for carbon neutrality by 2050, further solidifying its commitment to sustainable energy.
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