JSW Energy’s goal is to achieve 20 GW electricity production and 40 GWh/5 GW energy storage by 2030. It also invests in solar energy manufacturing and green hydrogen production.
Indian private power producer JSW Energy has announced plans to become a 20 GW power generation company with 40 GWh/5 GW storage capacity by 2030. It is also aiming to achieve 1 GW of solar module manufacturing capacity. per year and the green hydrogen production capacity will be 3,800 tons per year by 2025.
By March 31, 2023, JSW Energy had installed 6.6 GW of cumulative power generation capacity from thermal (3.2 GW), wind (1.4 GW), hydro (1.4 GW) and solar (657 MW). Projects under construction totaled 3.2 GW, which the company expects to be operational by the end of 2024.
JSW Energy plans to scale up its renewable energy capacity and move into energy products and services. In addition to solar and wind power projects, it invests in companies such as energy storage, green hydrogen and solar module manufacturing.
The company said its 1GW PV wafer and module manufacturing capacity will be commissioned in April 2025. It won this capacity under the government’s Performance Linked Incentive (PLI) scheme. In energy storage, its locked capacity is 3.4 GWh (2.4 GWh pump storage and 1 GWh battery storage).