Shares of JSW Energy Ltd were trading in the green and 2% higher on 6 June after the company announced that they have successfully commissioned 281 megawatts (MW) of organic, renewable energy capacity, including 215 MW of solar and 66 MW of wind power.  

This brings the company’s total installed capacity to 12,499 MW, with 55% coming from renewables. The newly expanded capacity is expected to contribute significantly during the current peak wind season, increasing the company’s total renewable output.

With this latest expansion, JSW Energy’s installed wind capacity currently stands at 3,482 MW, solar at 1,968 MW, and hydro at 1,391 MW.

In a related move, the company’s step-down subsidiary, JSW Renew Energy Three Ltd, has inked a 25-year power purchase agreement (PPA) with Adani Electricity Mumbai Ltd.

The PPA covers a 250 MW STU-connected wind farm in Maharashtra, with a fixed tariff of Rs 3.65 per unit. The project is projected to be operational within the next 24 months.

JSW Energy’s total locked-in generation capacity now stands at 29.9 GW, which includes operational, under-construction, and pipeline assets. By FY2030, the corporation plans to increase its generation capacity to 30 GW and storage capacity to 40 GWh.

At 2:05 pm, the shares of JSW Energy were trading 2.48% higher at Rs 520.75 on NSE. 

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