-3.75 (-0.70%) JSW Energy’s subsidiary -- JSW Renewable Energy (Vijayanagar) has commenced operations at the 225 MW Solar plant at Vijayanagar, Karnataka. This project is part of the earlier announced 958 MW Solar and Wind Projects signed (25 year PPA) with JSW Steel under the Group Captive scheme. This solar project has commenced operations in a record time of less than 12 months despite several headwinds like Covid-19 related disruptions, elevated commodity prices, and global supply chain outages.
Apart from this, the company is also constructing 2.25 GW of greenfield renewable energy capacity in pursuit of reaching 10 GW capacity by FY25, and 20 GW capacity by FY30, entirely driven by renewables.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.