JSW Energy commences operations at 225 MW Solar Project at Vijaynagar; stock slips ~1.5%

7 Apr 2022 , 10:42 AM

JSW Energy Limited informed that its wholly-owned subsidiary JSW Renewable Energy (Vijaynagar) Limited has commenced operations at the 225 MW Solar Plant at Vijayanagar, Karnataka. This project is a part of 958 MW Solar and Wind Projects signed, which was earlier announced by the company.

This solar project became operative in a record time of less than 12 months despite several headwinds like Covid-19 related disruptions, elevated commodity prices, and global supply chain outages. The company is also constructing a 2.25 GW of greenfield renewable energy capacity to attain 10 GW capacity by FY25, and 20 GW capacity by FY30, led by renewables.

“This is a key landmark for the company as the company commenced operations at 225 MW of Solar Plant within stipulated timelines. It is a testament to our world-class project execution capabilities. In the upcoming months, we remain enthusiastic to commence operations of our under-construction pipeline of 2 GW wind projects, in phases. We will continuously contribute meaningfully to achieve India’s renewable energy capacity add and net-zero ambition driven targets,” commented Prashant Jain, Joint Managing Director and CEO of JSW Energy.

JSW Energy’s stock slips 1.42% in today’s and is currently trading at Rs334 against its previous close of Rs338.80 on NSE. It touched intraday high and low of Rs346 and Rs332 respectively so far.