JSW Neo Energy has secured a 400-MW solar project from NTPC Ltd through a competitive bidding process for ISTS-connected projects, raising JSW Energy’s total locked-in generation capacity to 19.6 GW, with 4.4 GW dedicated to solar.
​Growth in Renewable Energy
As part of its expanding renewable energy footprint, JSW Energy has begun work on a 1-GWh battery energy storage system in Fatehgarh, Rajasthan. This system is designed to store solar and wind energy for use during peak demand periods. The facility consists of two units, each with a 500 MWh capacity.
The company also plans to build a wind turbine blade manufacturing unit in Karnataka, a move intended to reduce dependence on imports and ensure a steady supply of wind turbine generators. This initiative aligns with the company’s goal of bringing down renewable project costs.
JSW Energy currently operates 7.7 GW of power capacity from a mix of thermal, hydro, and renewable sources. The company has also secured 16.2 GWh of energy storage capacity through both battery storage and pumped-storage hydropower. Looking ahead, JSW Energy plans to increase its energy storage capacity to 40 GWh by 2030.
​Financial Performance
JSW Energy’s financial performance has remained steady. The company reported a 2.3% year-on-year increase in net profit for Q2 FY25, reaching ₹876.8 crore compared to ₹856.8 crore in the same quarter last year. However, revenue declined slightly by 0.7% to ₹3,237.7 crore, while EBITDA saw a 10.4% decline to ₹1,684.9 crore for the quarter.
JSW Energy’s strategic investments in renewable energy continue to shape its financial outlook. The company is focused on expanding its solar and wind capacity to strengthen its position in the renewable energy market.
​Commitment to Sustainability
JSW Energy has set a long-term target of achieving carbon neutrality by 2050 and is committed to increasing the adoption of renewable energy. The latest solar project win further strengthens its position in India’s clean energy transition.
The company’s power plants in Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal) play a key role in its overall energy production.
JSW Neo Energy’s latest solar project win underscores its commitment to renewable energy and keeps the company on track to achieve its 2030 capacity goals. With a continued focus on sustainability and energy storage, JSW Energy is positioning itself as a leader in India’s clean energy sector, and this 400-MW solar project marks another significant step toward a greener future.
Avaada Group’s leadership in solar energy is truly inspiring. Their successful projects like the 1.25 GW solar plant in Bikaner and ongoing expansion efforts make them a standout player in India’s renewable energy sector, paving the way for a sustainable energy future.