JSW Energy Planning To Have 55 Per Cent of its Installed Capacity Using Renewable Energy

- Advertisement -

Recently, the $12 billion arm’s subsidiary, JSW Hydro, had raised USD 707 million (amounting to around Rs 5,200 crore) from a green bond sale to international investors

Source: Alberto Masnovo/Shutterstock.com

JSW Group’s renewable energy arm JSW Energy is planning to have almost 55 per cent of its total installed capacity contributed by renewable energy projects in two-and-a-half years.

As of now, the company’s total installed capacity amounts to around 4.6 Gigawatt (GW), of which renewable energy projects account for around 30 per cent.

- Advertisement -

A report by The Economic Times quoted Prashant Jain, Chairman of JSW Hydro, and Joint Managing Director and CEO of JSW Energy Limited saying, “We currently have visibility on a pipeline of about 2.6 GW renewable projects comprising wind, solar and hydro which are likely to get commissioned over the next 24–30 months. On completion of these projects, the share of renewables in our portfolio will be over 55 per cent,”.

Recently, the $12 billion arm’s subsidiary, JSW Hydro, had raised USD 707 million (amounting to around Rs 5,200 crore) from a green bond sale to international investors. 

JSW Hydro Energy has an installed generation capacity of 1,391 MW. The group as a whole has 4,559 MW capacity, of which 3,158 MW are thermal power and 10 MW are solar power.

Talking about the fundraiser, Jain added, “This fundraise will enable us to further strengthen and diversify our sources of funding and we look forward to strengthening our partnership with global investors as we continue to build and grow our renewable energy business.”

The Company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. The proceeds from the issuance will be used towards repayment of existing green project-related Rupee-denominated indebtedness.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Exclusive

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Important Sectors

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

India Semiconductor Mission: India Needs To Do Enough To Sit On The World Table

0
The government’s strong foot forward with regards to the semiconductor space was a much-needed move and, although late, it is expected to herald the...

Kirloskar Introduces Advanced IoT-Based KirloSmart

0
Kirloskar Brothers Ltd (KBL) recently launched an advanced and upgraded version of its IoT-based pump monitoring system, KirloSmart. It is already a first-of-its-kind IoT-based...

Manufacturing

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Syrma SGS Gets Rs 252 Crores Before IPO

0
With its Initial Public Offering (IPO) opening today, the Electronic manufacturing services (EMS) firm Syrma SGS Technology has already raised Rs 252 crore from...
Drone

Army Looking For Indigenous Combat Drones

0
In view of the Make in India policy of the Indian government, the Indian Army has launched a programme called ‘Him Drone-a-thon’. Drone Federation...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...