JSW Neo Energy has secured a 400-MW solar project from NTPC Ltd through a competitive bidding process for ISTS-connected projects. This raises JSW Energy’s total locked-in generation capacity to 19.6 GW, with 4.4 GW dedicated to solar.
Growth in Renewable Energy
JSW Energy is expanding its renewable energy footprint. The company has started work on a 1-GWh battery energy storage system in Fatehgarh, Rajasthan. This system will store solar and wind energy. The stored energy will be used during peak demand periods. The facility consists of two units with a capacity of 500 MWh each.
The company also plans to build a wind turbine blade manufacturing unit in Karnataka. This facility will help reduce dependence on imports. It will also ensure a steady supply of wind turbine generators. This move aligns with the company’s goal of reducing renewable project costs.
JSW Energy currently operates 7.7 GW of power capacity. This includes thermal, hydro and renewable energy. The company has also secured 16.2 GWh of energy storage capacity. This includes battery storage and pumped-storage hydropower. By 2030, JSW Energy plans to increase its energy storage capacity to 40 GWh.
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. Profit reached ₹876.8 crore compared to ₹856.8 crore in the same quarter last year. Revenue declined slightly by 0.7% to ₹3,237.7 crore. EBITDA saw a 10.4% decline, totalling ₹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. These investments aim 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. The company is committed to increasing renewable energy adoption. The latest solar project win strengthens its position in India’s clean energy transition.
The company operates power plants in Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal). These facilities play a key role in its overall energy production.
JSW Neo Energy’s latest solar project win reinforces its commitment to renewable energy. The company is on track to achieve its 2030 capacity goals. With a focus on sustainability and energy storage, JSW Energy is positioning itself as a leader in India’s clean energy sector. This 400-MW solar project marks another 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.