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Time of India
2 days ago
- Business
- Time of India
JSW Energy shares in focus on commissioning 281 MW renewable capacity, signing PPA for 250 MW wind project
Shares of JSW Energy are expected to be in the spotlight on Friday, June 6, following the company's announcement of the successful commissioning of 281 MW of organic renewable energy capacity, which includes 215 MW of solar and 66 MW of wind power. With this addition, JSW Energy 's total installed capacity has now risen to 12,499 MW, enhancing its ability to capitalise on the upcoming peak demand season and reinforcing its commitment to green energy. 'JSW Energy Limited ('The Company') is pleased to announce the successful commissioning of 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output,' the company informed via a regulatory filing. Following the addition, the company's renewable energy share in overall capacity has grown significantly, installed wind capacity now stands at 3,482 MW, solar at 1,968 MW, and hydro at 1,391 MW, pushing the renewable component to 55% of the total portfolio. In another major development, JSW Renew Energy Three Ltd, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Adani Electricity Mumbai Ltd for a 250 MW STU-connected wind project . The PPA is valid for 25 years at a tariff of Rs 3.65/kWh. The project, located in Maharashtra, is expected to be commissioned within the next 24 months. JSW Energy also reaffirmed its robust project pipeline, with 29.9 GW of total locked-in generation capacity, including 12.5 GW operational and 12.4 GW under construction. It also boasts 29.3 GWh of locked-in energy storage capacity. Under its Strategy 3.0 roadmap, the company aims to achieve 30 GW of generation and 40 GWh of storage capacity by FY2030, while targeting carbon neutrality by 2050. JSW Energy shares on Thursday closed flat at Rs 508.15 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
JSW Energy shares in focus on commissioning 281 MW renewable capacity, signing PPA for 250 MW wind project
Shares of JSW Energy are expected to be in the spotlight on Friday, June 6, following the company's announcement of the successful commissioning of 281 MW of organic renewable energy capacity, which includes 215 MW of solar and 66 MW of wind power. With this addition, JSW Energy's total installed capacity has now risen to 12,499 MW, enhancing its ability to capitalise on the upcoming peak demand season and reinforcing its commitment to green energy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo 'JSW Energy Limited ('The Company') is pleased to announce the successful commissioning of 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output,' the company informed via a regulatory filing. Following the addition, the company's renewable energy share in overall capacity has grown significantly, installed wind capacity now stands at 3,482 MW, solar at 1,968 MW, and hydro at 1,391 MW, pushing the renewable component to 55% of the total portfolio. In another major development, JSW Renew Energy Three Ltd, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Adani Electricity Mumbai Ltd for a 250 MW STU-connected wind project . The PPA is valid for 25 years at a tariff of Rs 3.65/kWh. Live Events The project, located in Maharashtra, is expected to be commissioned within the next 24 months. Also read: Positive Breakout: These 5 stocks cross above their 200 DMAs JSW Energy also reaffirmed its robust project pipeline, with 29.9 GW of total locked-in generation capacity, including 12.5 GW operational and 12.4 GW under construction. It also boasts 29.3 GWh of locked-in energy storage capacity. Under its Strategy 3.0 roadmap, the company aims to achieve 30 GW of generation and 40 GWh of storage capacity by FY2030, while targeting carbon neutrality by 2050. JSW Energy shares on Thursday closed flat at Rs 508.15 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
02-05-2025
- Business
- Time of India
JSW Neo Energy inks deal with UPPCL for 1500 MW pumped hydro storage
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has signed a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. ( UPPCL ) for 1,500 MW / 12,000 MWh of pumped hydro energy storage. Under this agreement, the supply of energy storage capacity is for a period of 40 years, and JSW Neo Energy will receive a fixed capacity charge of ₹77.2 lakh per MW per annum. The pumped hydro storage will be capable of a scheduled discharge of 8 hours, with a maximum continuous discharge of 6 hours per day. The project is expected to be commissioned in the next six years. With this agreement, JSW Neo Energy's total locked-in energy storage capacity now stands at 28.3 GWh, including 26.4 GWh of pumped storage projects. The company is presently constructing various power projects to the tune of 11.3 GW, with a vision to achieve a total power generation capacity of 20 GW.
Business Upturn
01-05-2025
- Business
- Business Upturn
JSW Energy signs agreement with UPPCL for 1,500 MW pumped hydro storage project in Uttar Pradesh
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has entered into a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement involves the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The project is located in the Sonbhadra district of Uttar Pradesh and is structured to provide scheduled discharge for 8 hours per day, with a maximum continuous discharge capacity of 6 hours. The agreement spans a 40-year period, during which JSW Neo Energy will receive a fixed capacity charge of ₹77.2 lakhs per MW annually. The pumped hydro project is expected to be commissioned within six years. Upon completion, this will further contribute to the company's growing energy storage portfolio. With the addition of this agreement, JSW Energy's total locked-in energy storage capacity has increased to 28.3 GWh, including 26.4 GWh from pumped storage projects (PSP). The company continues to progress toward its target of achieving 40 GWh of energy storage capacity by 2030. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
