Shares of JSW Energy Ltd fell by 1% after touching a day’s high of Rs 494.45 on 7th February, despite the company announcing yesterday that its wholly-owned subsidiary, JSW Neo Energy, has signed a renewable energy power purchase agreement with Amazon for 180 MW of wind power.

The company’s locked-in renewable energy capacity stands at 4 GW, including 2.7 GW for JSW Group and 1.3 GW for third-party C&I, with planned acquisitions from O2 Power.

The company has 8.2 GW of operational generation capacity across thermal, hydro, and renewable energy and a locked-in generation capacity of 30 GW.

It has secured 16.3 GWh of locked-in energy storage capacity through battery and hydro-pumped storage systems.

The company targets 20 GW generation capacity and 40 GWh energy storage capacity before 2030.

On 5th February, JSW Energy received an award from the West Bengal State Electricity Distribution Company Ltd to develop a 1,600 MW coal-based thermal power plant.

The plant will use domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy, as stated in an exchange filing.

At 11:09 AM, the shares of JSW Energy were trading 0.74% lower at Rs 490.55 on NSE.

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