Even as energy shortage grips the world, India’s power sector is emerging from a decade of stress because of the push to renewables, according to Prashant Jain of JSW Energy Ltd. The energy crunch in Europe and China and the crude oil price rise won’t have a dramatic impact on the Indian landscape, joint managing […]
JSW Energy gains on PPA with SECI for wind capacity of 450 MW – EQ Mag Pro
JSW Energy said that JSW Renew Energy Two, a project special purpose vehicle (SPV) formed by JSW Future Energy, a wholly owned subsidiary of the company, has signed power purchase agreements (PPA) for 450 MW of wind capacity with SECI. Following the announcement, the scrip advanced 2.26% to currently trade at Rs 317.40 on the […]
JSW Energy Will Be Integrating Their Thermal Power Plants With Their Wind Or Solar Power Plants
In two years, JSW Energy expects its thermal power plants to run at a lower capacity and work as a storage system. A JSW power plant in Himachal Pradesh Billionaire Sajjan Jindal-led JSW energy is one of the largest players working towards going green. The company has set aside a target to reach 20 GW […]
JSW Energy, Australia’s Fortescue Future Join Hands For Green Hydrogen
Sign agreement for assessing potential of green hydrogen for green steel making, hydrogen mobility, green ammonia and other industrial applications in India JSW Future Energy has entered into a framework agreement with Australia’s Fortescue Future Industries (FII) for potential projects relating to the production of green hydrogen. A statement from JSW Energy said this agreement […]
JSW Energy Q1 Profit Down 6% to Rs 201 Cr, Revenues Decline
JSW Energy is pursuing a growth strategy to expand from the current capacity of 4.6 GW to 10 GW by 2024-25 and 20 GW by 2029-30, with the entire capacity addition being via renewables. JSW Energy on Friday reported 5.6 per cent decline in consolidated net profit at Rs 201 crore for June quarter 2021-22. […]
JSW Energy in Agreement With Australian Firm For Green Hydrogen
The collaboration will enable both parties to explore opportunities to tap into the significant clean energy market opportunity in India and be a front-runner in a future hydrogen economy, an official statement said. JSW Energy on Thursday said its wholly-owned subsidiary JSW Future Energy Ltd has entered into an agreement with Australian Fortescue Future Industries […]
JSW Energy Plans to Spend $10 Billion on Clean Power by 2030
Company Plans to add 15.4 GW of renewables, hydropower Share of clean energy to rise to 84% in capacity mix by 2030 Power generator JSW Energy Ltd. has laid out a 750 billion rupee ($10 billion) plan to shift away from coal, joining other Indian thermal producers who are beginning to seek growth in renewable […]
JSW Energy arm plans to raise $750 million via green bonds
Funds up to $750 million will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL. NEW DELHI: JSW Energy on Friday said its board has approved a proposal for issuance of green bonds by its arm for […]
Power Demand Growth To Stabilise At 6%, Says JSW Energy’s Prashant Jain
Demand for power will stabilise to grow at 6% on a yearly basis after it fell to a six-month low in November, according to JSW Energy Ltd.’s Prashant Jain. “If you look at the year as a whole, the first quarter saw demand contract 16% year-on-year. The second quarter was flat while the third quarter […]
ICICI Securities: JSW Energy – First Big Renewable Step
JSW Energy’s (JSWEL) subsidiary JSW Solar has received Letter of Awards (LoA) from SECI to set up blended wind capacity totalling 810MW (max solar energy blending allowed is 20%). This is a positive development for the company, which has a vision to reach 10GW capacity in the next 4-5 years, especially after the termination of […]