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Supreme Court allows Himachal Pradesh to seek 18% free power from JSW Hydro

India, News

The Supreme Court has ruled in favour of the Himachal Pradesh government in its dispute with JSW Hydro Energy over free power supply, allowing the state to demand 18% of generated electricity without charge, reported CNBC.  This overturns a previous Himachal Pradesh High Court order that had limited the free power share to 13%, based on Central Electricity Regulatory Commission (CERC) tariff regulations. JSW Hydro Energy, a subsidiary of JSW Neo Energy and ultimately of…

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JSW Energy adds 261 MW renewable capacity

India, News

JSW Energy Limited (JSWEL) has commissioned a total of 261 MW in wind and solar capacity. This includes 189 MW of solar and 72 MW of wind projects, pushing the company’s total installed capacity to 12,760 MW. This expansion brings JSW Energy’s total additions for the first quarter of FY 2025-26 to 1.9 GW. The growth includes both organic and inorganic additions. Renewables now account for 56 per cent of the company’s installed capacity, with…

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JSW Energy signs BESPA for 500 MWh BESS project in Rajasthan

India, News

JSW Energy Limited has announced that its step-down subsidiary, JSW Renew Energy Thirty Seven Limited, has signed a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited.  The agreement covers the development of a 250 MW/500 MWh standalone battery energy storage system (BESS) project in Rajasthan. The project will receive support through viability gap funding. The BESPA is valid for 12 years, with a contracted tariff of Rs 224,000 per MW…

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JSW signs PPA with NHPC for 300 MW hybrid project

India, News

Energizent Power Private Limited, a step-down subsidiary of JSW Energy Limited, signed a 25-year power purchase agreement (PPA) with NHPC Limited on June 25, 2025. The agreement covers a 300 MW wind-solar hybrid power project to be developed in Rajasthan and Andhra Pradesh. The project was originally awarded in February 2024 to Energizent Power, then a wholly-owned subsidiary of O2 Power Private Limited. The company had secured the capacity by quoting a tariff of Rs…

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JSW signs wind PPA with Adani, commissions 281 MW hybrid project

India, News

JSW Renew Energy Three Limited, a step-down subsidiary of JSW Energy Limited (JSWEL), signed a 25-year power purchase agreement (PPA) with Adani Electricity Mumbai Limited (AEML) on June 5, 2025. The agreement covers a 250 MW State Transmission Utility (STU)-connected wind power project to be developed in Barshi, Maharashtra. The PPA stems from a bidding process held in March 2024. At the time, bids were invited for 650 MW of wind capacity for AEML’s distribution…

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JSW Energy to invest Rs 140 billion in O2 Power

India, News

JSW Energy Limited has announced an investment of Rs 140 billion to expand the renewable energy capacity of its O2 Power platform. The company plans to scale up O2 Power’s portfolio to 4.7 GW by June 2027. O2 Power currently has 1.3 GW of installed capacity. An additional 2,259 MW is expected to become operational by June 2025, with 1,463 MW under construction and 974 MW in the development pipeline. JSW Energy acquired O2 Power…

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IndiGrid and JSW Energy report profit growth in FY 2024-25

India, News

IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In the fourth quarter, consolidated revenue reached Rs 8.743 billion, up 11.3 per cent year-on-year. For the full year, consolidated revenue…

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JSW Energy and Tata Power report growth in FY 2024–25 results

India, News

JSW Energy Limited reported a 21 per cent year-on-year increase in Q4 revenue, reaching Rs 34.97 billion in the January–March quarter of FY 2024–25, compared to Rs 28.79 billion in Q4 FY 2023–24. For the full year, the company posted Rs 126.39 billion in revenue, up 6 per cent from Rs 119.41 billion in the previous year. Tata Power Company Limited recorded a net profit of Rs 47.75 billion in FY 2024–25, an 11.57 per…

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JSW signs PPA with UPPCL for 1,500 MW pumped hydro storage

India, News

JSW Neo Energy Limited, a subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,500 MW/12,000 MWh of pumped hydro storage projects (PHSPs) in Sonbhadra district, Uttar Pradesh. The agreement spans 40 years with a fixed annual capacity charge of Rs 7.72 million per MW. The PHSPs will enable a scheduled discharge of 8 hours per day, with a maximum continuous discharge period of 6…

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JSW Neo acquires 4.7 GW renewable energy platform from O2 Power

India, News

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has acquired a 4.7 GW renewable energy platform from O2 Power Pooling Pte Limited. O2 Power is a joint venture between global investors EQT and Temasek. The acquisition, valued at Rs 124.68 billion, includes a mix of operational and under-construction renewable assets. Of the total capacity, 2,259 MW is expected to become operational by June 2025. Once commissioned, this portion is projected to…