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JSW Energy Signs 180 MW Wind Power Deal with Amazon

Written by: Nikitha DeviUpdated on: Feb 7, 2025, 4:41 PM IST
JSW Neo Energy signs a 180 MW wind power PPA with Amazon, boosting JSW Energy's RE capacity to 4 GW, targeting 20 GW by 2030 with sustainable energy goals.
JSW Energy Signs 180 MW Wind Power Deal with Amazon
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JSW Energy announced that its wholly owned subsidiary, JSW Neo Energy, has signed a renewable energy power purchase agreement (PPA) with Amazon.

Details of the Agreement 

JSW Neo Energy’s PPA with Amazon is for 180 MW of wind power. With this agreement, JSW Energy’s locked-in renewable energy (RE) capacity for Commercial and Industrial (C&I) customers now stands at 4.0 GW. This includes 2.7 GW of group captive capacity and 1.3 GW of third-party C&I capacity, including acquisitions from O2 Power.

JSW Energy’s C&I portfolio features partnerships with leading organisations such as Amazon, DCM Shriram Ltd, and Indus Towers Ltd, reflecting its commitment to providing sustainable energy solutions.

Currently, the company operates 8.2 GW of generation capacity across thermal, hydro, and renewable energy sources. It also boasts a locked-in generation capacity of 30 GW and 16.3 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects.

Looking ahead, JSW Energy is targeting a generation capacity of 20 GW and energy storage capacity of 40 GWh well before 2030, further solidifying its position as a leader in the renewable energy sector and emphasising its dedication to driving the transition toward a sustainable energy future.

About JSW Energy Ltd

JSW Energy Ltd, a prominent private-sector power producer in India, is part of the USD 24 billion JSW Group, which operates across diverse sectors, including steel, energy, infrastructure, cement, and sports. The company has built a strong presence across the power sector value chain, with a diversified portfolio in power generation and transmission.

On February 7, 2025, JSW Energy share price opened at ₹492.75, touching the day’s low at ₹485.00, as of 9:35 AM on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 7, 2025, 9:39 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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