JSW Neo Energy, a subsidiary of JSW Energy last year completed acquisition of 1,753 MW of renewable energy assets from Mytrah Energy.
Expansion through Acquisitions: JSW Energy is actively looking to acquire existing renewable energy projects with capacities ranging from 500 MW to 3000-4000 MW.
Aggressive Capacity Increase: The company aims to increase its renewable energy capacity from 7.3 GW currently to 10 GW by FY25 and 20 GW by 2030.
Focus on Solar: JSW Energy is now prioritizing solar projects due to a decrease in solar panel prices and an increase in solar tariffs, making them more economical.
Exploring Storage Solutions: JSW Energy is considering both hydro pumped storage and battery storage solutions to complement its renewable energy portfolio.
Shift Away from Thermal: The company has no plans to develop new thermal power plants due to lack of visibility on securing power purchase agreements (PPAs).
Supporting JSW Steel: JSW Energy signed a memorandum of understanding (MoU) to build 6,200 MW of green power for JSW Steel by 2030.