Jsw Energy Gains Nearly 3% As Subsidiary Commissions 51mw Wind Power In Tamil Nadu

The Shares Of Jsw Energy Gained Nearly 3% In Morning Trade On Tuesday After The Company Said That Its Subsidiary Jsw Renew Energy Ltd Has Commissioned 51 Mw Wind Power Capacity In Tamil Nadu.

The Project Has Been Commissioned As A Part Of An Ists-connected Wind Power Project Awarded Under Seci Tranche Ix. This Is Part Of The Phase-wise Commissioning Of The 810 Mw Ists-connected Wind Power Project, Jsw Energy Said In A Filing To The Stock Exchanges.

The Project Has A Power Purchase Agreement With Solar Energy Corporation Of India (Seci) For 25 Years.

After This, The Total Current Installed Capacity Becomes 6,822 Mw While The Under-construction Capacity Stands At 2,969 Mw, Which Is Likely To Be Commissioned In Phases Over The Next 12 Months.

“We Are Happy To Announce That We Have Started Commissioning Of The Seci-ix Wind Project Which Is The First And The Largest Greenfield Wind Capacity Bagged By The Company. With This, Jsw Energy Is Well Placed To Achieve Targeted 10 Gw Generation Capacity By The End Of Cy2025,” Prashant Jain, Joint Managing Director And Ceo Of Jsw Energy, Said.

JSW Energy gains nearly 3% as subsidiary commissions 51MW wind power in Tamil Nadu

Jsw Energy Has Set Impressive Goals, Targeting 10 Gw In Generation Capacity By The Close Of 2024 And Aiming For A Substantial Growth To 20 Gw In Generation Capacity And 40 Gwh In Energy Storage Capacity By 2030.

Currently Boasting A Total Capacity Of 9.8 Gw, The Company Is On Track To Meet Its Interim Target Of 10 Gw By 2025.

In Addition, Jsw Energy Has Secured 3.4 Gwh Of Energy Storage Capacity Through A Combination Of Battery Energy Storage Systems And Hydro-pumped Storage Projects. The Company Is Aiming For An Ambitious 50% Reduction In Its Carbon Footprint By 2030 And Aspires To Achieve Carbon Neutrality By The Year 2050.

Shares Of Jsw Energy Were Trading 1.67% Higher At ₹417.6 Apiece On Bse At 9:34am.

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