JSW Energy commissions 114 megawatts renewable energy in September, installed capacity now stands at 13.2 gigawatts

JSW Energy announced on Saturday that it had commissioned 114 megawatts of renewable energy in September, comprising 21 megawatts of solar capacity and 93 megawatts of wind capacity, thereby increasing its installed capacity to 13.21 gigawatts.

With this, the cumulative organic renewable energy capacity addition during the second quarter of FY26, which includes 20 megawatts of floating solar capacity at Vijayanagar. The share of renewables in the overall capacity stands at 57%, consisting of wind capacity at 3.71 gigawatts, solar capacity at 2.21 gigawatts, and hydro capacity at approximately 1.63 gigawatts.

JSW Energy has a total locked-in generation capacity of 30.5 gigawatts, comprising 13.2 gigawatts of operational capacity, 12.5 gigawatts under construction across both thermal and renewable sources, 150 megawatts of under-acquisition hydro capacity, and a pipeline of 4.6 gigawatts.

The company also has 29.4 GWh of locked-in energy storage capacity through hydro pumped storage projects, totalling 26.4 GWh, and a battery energy storage system of 3.0 GWh. The Company aims to reach 30 gigawatts of generation capacity and 40 GWh of energy storage capacity by FY 2030 and achieve carbon neutrality by 2050.

Last month, JSW Energy’s subsidiary JSW Neo Energy signed a deal with Norway’s Statkraft to acquire an under-construction hydro power project in Himachal Pradesh for an enterprise value of ₹1,728 crore.

JSW Neo Energy will acquire 100% equity shares of Tidong Power Generation Pvt Ltd, which owns a 150-megawatt (MW) under-construction run-of-river hydro-electric power plant in Tidong Valley, situated in Kinnaur district of Himachal Pradesh.

Statkraft, a Norwegian state-owned renewable energy company, announced plans to divest its Indian portfolio—which includes solar, wind, and hydro assets and power trading across multiple states—last year, to focus on select markets in Europe and South America.

The plant is expected to be commissioned in October 2026 and has a 22-year power purchase agreement remaining with Uttar Pradesh Power Corporation Limited to procure 75 MW power during May to October at a tariff of ₹5.57 per kilowatt-hour (KWh). The remaining 75 MW of capacity is currently untapped and can be sold on the market.