JSW Energy strengthens its renewable future with new solar project

JSW Energy Thirteen, a subsidiary of JSW Energy, has entered into a Power Purchase Agreement (PPA) with India's National Thermal Power Corporation (NTPC) for a 700-megawatt (MW) solar project. This pioneering venture aligns with JSW Energy's strategy to expand its renewable energy portfolio and support India's broader energy transition goals. The solar project, expected to be operational by June 2026, will be integrated through both Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks. It will supply power at a tariff of 2.59 rupees (0.031 US dollars) per kilowatt-hour (kWh) until the year 2049. With a current solar pipeline capacity of 3.2 gigawatts (GW), of which 2 GW are already secured through signed PPAs, JSW Energy is advancing towards its intended capacities. The company's total generation capacity amounts to 18.2 GW, of which 7.7 GW are operational and include projects in the thermal, wind, hydro, and solar sectors. Additionally, 2.1 GW are under implementation in the wind, thermal, and hydro segments. To reinforce its commitment to sustainability, JSW Energy is developing a comprehensive energy storage capacity of 16.2 gigawatt-hours (GWh) through battery and pumped storage power plants. The company's goals include reaching a total generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030, with the ultimate aim of carbon neutrality by 2050. As a significant private power producer in India and part of the diversified JSW Group, valued at 24 billion US dollars, JSW Energy's history dates back to 2000 when the first thermal power plant in Karnataka, India, was commissioned. In June 2024, JSW Energy took a significant step in the energy storage services sector by commencing the construction of a 1-gigawatt-hour (GWh) battery energy storage project (BESS) in Fatehgarh, Rajasthan. This facility stores electricity generated from renewable sources such as solar and wind for periods of high demand. It comprises two units, each offering a capacity of 500 megawatt-hours with a storage duration of two hours per cycle.