Latest news with #JSWEnergy
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Business Standard
8 hours ago
- Business
- Business Standard
JSW Energy commissions 281 MW renewable energy project in Maharashtra
JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, 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 the overall capacity to 55 per cent. Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd 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 Rs 3.65/KWh. The 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 12.5 GW operational, 12.4 GW under-construction across wind, thermal and hydro, and a pipeline of 4.9 GW. 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. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
10 hours ago
- Business
- Time of India
JSW Energy commissions 281 MW renewable energy project
JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, 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 the overall capacity to 55 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd 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 Rs 3.65/KWh. Live Events The 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 12.5 GW operational, 12.4 GW under-construction across wind, thermal and hydro, and a pipeline of 4.9 GW. 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.
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Business Standard
20-05-2025
- Business
- Business Standard
JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power
JSW Energy is planning to invest approximately ₹14,000 crore to scale up the renewable energy capacity of its newly acquired entity, O2 Power, to 4.7 gigawatts (GW) by 2027, senior company executives said. In addition, the firm aims to allocate up to ₹18,000 crore in FY26 to complete existing projects and support new growth initiatives. The company's subsidiary, JSW Neo Energy Ltd, has acquired O2 Power's 4,696 MW renewable energy portfolio from O2 Power Pooling Pte Ltd for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, 1,463 MW is under construction, and 974 MW is in the pipeline, the company said. At present, O2 Power's installed capacity stands at 1.3 GW. JSW Energy plans to increase this to 4.7 GW by June 2027, backed by a capital outlay of ₹13,000–14,000 crore, Joint Managing Director Sharad Mahendra said during an analyst call. For FY25, the capital expenditure stood at about ₹8,000 crore—lower than the guidance of ₹15,000 crore. 'Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down,' the CFO said. JSW Energy is currently building 11.3 GW of generation capacity, all secured under long-term Power Purchase Agreements (PPAs), Mahendra added. This includes 9.7 GW of renewable energy and a 1.6 GW ultra-supercritical thermal power project at Salboni, marking the company's return to greenfield thermal investments after more than a decade. 'Beyond this, we have a robust project pipeline of approximately 4.9 GW, where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed,' Mahendra said.
Time of India
20-05-2025
- Business
- Time of India
JSW Energy to invest ₹14,000 cr to expand renewable energy capacity of Oxygen Power
JSW Energy would invest around ₹14,000 crore to expand renewable energy capacity of recently acquired O2 Power to 4.7 gigawatt (GW) by 2027, and in FY26 it looks to spend up to ₹18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. The current installed capacity of O2 Power is 1.3 GW and JSW Energy expects to increase it to 4.7 GW by June 2027 by undertaking capital expenditure of ₹13,000-14,000 crore, JSW Energy Joint MD Sharad Mahendra said in an analyst call. On the capex plan for FY26, Pritesh Vinay, company's Director (Finance) and CFO said the company is expecting to spend ₹15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started. For FY25, it was about ₹8,000 crore as against guidance of ₹15,000 capex. "Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down," the CFO said. Joint MD Mahendra said JSW Energy is constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements . The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks the company's investment in greenfield thermal after more than a decade, he said. "Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed." On KSK Mahanadi , he said currently 1,800 MW is operational which is 95 per cent tied up under PPAs and has fuel supply agreements. "We are currently integrating operations with JSW Energy and implementing comprehensive plan to bring cost efficiencies," he added. JSW Energy had acquired the 3,600 MW thermal asset through NCLT proceedings for a total resolution amount of ₹16,084 crore.
Time of India
20-05-2025
- Business
- Time of India
JSW Energy to invest Rs 14,000 cr to expand renewable energy capacity of Oxygen Power
JSW Energy would invest around Rs 14,000 crore to expand renewable energy capacity of recently acquired O2 Power to 4.7 gigawatt (GW) by 2027, and in FY26 it looks to spend up to Rs 18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of Rs 12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. The current installed capacity of O2 Power is 1.3 GW and JSW Energy expects to increase it to 4.7 GW by June 2027 by undertaking capital expenditure of Rs 13,000-14,000 crore, JSW Energy Joint MD Sharad Mahendra said in an analyst call. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gạch cao su mới cho tường – Hãy thử xem! Gạch | Quảng cáo tìm kiếm Tìm Ngay On the capex plan for FY26, Pritesh Vinay, company's Director (Finance) and CFO said the company is expecting to spend Rs 15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started. For FY25, it was about Rs 8,000 crore as against guidance of Rs 15,000 capex. Live Events "Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down," the CFO said. Joint MD Mahendra said JSW Energy is constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements . The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks the company's investment in greenfield thermal after more than a decade, he said. "Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed." On KSK Mahanadi , he said currently 1,800 MW is operational which is 95 per cent tied up under PPAs and has fuel supply agreements. "We are currently integrating operations with JSW Energy and implementing comprehensive plan to bring cost efficiencies," he added. JSW Energy had acquired the 3,600 MW thermal asset through NCLT proceedings for a total resolution amount of Rs 16,084 crore.
