JSW Energy Achieves Total Locked-In Generation Capacity Of 20 GW

New Delhi: On Monday, JSW Energy said it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW. The company's locked-in renewable energy commercial and industrial (C&I) capacity stood at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity, a JSW Energy statement said. 

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JSW Energy secures 20 GW locked-in generation capacity, with plans to reach 40 GWh energy storage by 2030.

Currently, the operational C&I capacity of the company stands at 488 MW, it informed. The company's step-down subsidiaries have executed power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd for renewable energy supply. These strategic partnerships underscore the company's commitment towards sustainable energy solutions.

JSW Energy Achieves 20 GW Capacity, Targets 40 GWh Storage by 2030

After this, the company's total locked-in generation capacity has increased to 20 GW. "I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said. 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 renewable energy.

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The company also has 16.2 GWh of locked-in energy storage capacity through a 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.