JSW Energy to add 2,600 MW renewable capacity by 2023
The renewable projects -- including wind, solar and hydel -- will help the 4,600 MW power generation company in reducing its carbon footprint
Nevin John | May 11, 2021 | Updated 18:10 IST
JSW Energy plans to increase its renewable power generation portfolio/PC: JSW Energy plant in Barmer
Industrialist Sajjan Jindal-led JSW Energy plans to add 2,600 MW renewable power generation capacity to its portfolio by 2023. With this, the share of its renewable power will increase to 55 per cent of overall portfolio from the present 30 per cent.
The renewable projects -- including wind, solar and hydel -- will help the 4,600 MW power generation company in reducing its carbon footprint. JSW Solar Ltd, a wholly-owned subsidiary of JSW Energy, received Letter of Awards for setting up a total blended wind capacity of 810 MW from Solar Energy Corporation Limited (SECI). The total project outlay is expected to be Rs 4,700-4,800 crore. The project will be financed at 70:30 debt-equity ratio.