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 projec
JSW Hydro raises $707M from Int l Bond Markets through debut Green Bond Issue
By IANS |
Published on
Tue, May 11 2021 12:48 IST |
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US dollar. (File Photo: IANS). Image Source: IANS News
Mumbai, May 11 : JSW Hydro Energy Limited has successfully priced a $ 707 million Fixed Rate Senior Secured Green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent.
The proceeds from the issuance will be used towards repayment of existing green project-related Rupee-denominated indebtedness. The Green Bond Framework for the company s debut bond transaction has been reviewed by Sustainalytics, who has issued a Second Party Opinion.
The Company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by a strong investor feedback, the transaction was launched with an initial price guidance of 4.500% area and tightened by 37.5 bps to 4.125 per cent as Final pricing.
JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad. JSW Hydro Energy raises USD 707 million from international bond markets through debut Green Bond Issue under 144A / Reg S format, a JSW Energy statement said. According to statement, JSW Hydro Energy has priced the fixed rate senior secured green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness, it said. The green bond framework for the company s debut bond transaction has been reviewed by Sustainalytics, who has issued a second party opinion.