JSW Renew Energy (Raj), a wholly-owned stepdown subsidiary of JSW Energy, has signed Power Purchase Agreement (PPA) with SJVN for ISTS-connected solar capacity of 700 MW. The total locked-in capacity of the company stands at 13.9 GW.The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.52/KWh. The aforesaid project is located in Rajasthan and is expected to be commissioned in next 24 months. This will take the total locked-in solar capacity to 3.5 GW.JSW Energy has total locked-in generation capacity of 13.9 GW comprising of 7.3 GW operational, 2.6 GW under-construction across wind, thermal and hydro and RE pipeline of 4.0 GW (PPAs signed for 2.0 GW). The company also has 3.4 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. Powered by Capital Market - Live News

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received Letter of Award for setting up 300 MW ISTS connected Wind-Solar Hybrid Power Project from Solar Energy Corporation of India (SECI) against Tariff based Competitive Bid invited for setting 1,200 MW ISTS-connected Wind-Solar Hybrid Power Projects (Tranche VIII). Subsequent to this capacity award, the Company`s total locked-in capacity increases to 13.6 GW. The Company expects to have an installed generation capacity of 9.8 GW by CY24, up from 7.3 GW currentlPowered by Capital Market - Live News

JSW Energy announced that Fitch Ratings has affirmed the rating of its step�down wholly owned subsidiary, JSW Hydro Energy`s USD707 million senior secured notes due 2031 at `BB+`; with outlook �Stable`.Powered by Capital Market - Live News

JSW Energy announced significant progress in its journey towards becoming `Energy products and services` company underscoring its commitment to sustainable energy solutions and a greener future for India. The company is spearheading the development of the largest commercial-scale green hydrogen project in India and first in the country for making green steel. Furthermore, the company has initiated the construction activities for its Battery Energy Storage Project (BESS) marking its foray into energy storage services.The company has achieved significant milestones in the green hydrogen space. These include signing a seven years green hydrogen supply agreement with JSW Steel for 3,800 tons per annum, along with associated green oxygen. The detailed engineering work and ordering of equipment have been completed with commissioning expected in Q4 FY25. Additionally, the company has been allotted a capacity of 6,800 TPA under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program by SECI. Furthermore, a Memorandum of Understanding (MoU) has been signed with JSW Steel to supply additional 85,000 to 90,000 TPA of green hydrogen, along with 720,000 TPA of green oxygen, progressively by 2030.In addition to green hydrogen, the company has also commenced the construction of the 1.0 GWh BESS project awarded by SECI with commissioning expected by June 2025. The project consists of two installations, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle. The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the offtaker after 12 years. Powered by Capital Market - Live News

JSW Energy has revised the Annual General Meeting of the company which was scheduled to be held on 28 June 2024. The meeting will now be held on 5 July 2024.Powered by Capital Market - Live News