JSW Energy commissions 317 MW of renewable energy capacity

JSW Energy Ltd on Thursday said it commissioned 317 megawatts (MW) of renewable energy capacity in August, taking its total installed capacity to 13,097 MW.

The additions include 240 MW of hydro capacity from the Kutehr project, 43 MW of wind and 34 MW of solar, the company said in an exchange filing.

With this, renewables now account for 57% of JSW Energy’s portfolio, comprising 3,617 MW of wind, 2,192 MW of solar and 1,631 MW of hydro capacity.

The company said it has a total locked-in generation capacity of 30.3 GW, including 12.7 GW under construction, and 29.4 GWh of energy storage capacity in the pipeline. It aims to achieve 30 GW of generation and 40 GWh of storage capacity by 2030, and carbon neutrality by 2050.

Q1 results

JSW Energy posted a strong performance in the April–June quarter, with consolidated net profit rising 42.4% year-on-year to ₹743 crore, led by a sharp scale-up in renewable and thermal power generation.

Total revenue rose 78.6% YoY to ₹5,143 crore, while EBITDA nearly doubled to ₹2,789 crore, marking a 96.8% jump from the year-ago period. The operating margin expanded to 54.2% from 49.2% a year ago.

The company commissioned 1,893 MW of capacity during the quarter, taking its installed base to 12,768 MW — up 70% YoY. This includes 1,343 MW from the acquisition of Mytrah Energy (now 02 Power) and 550 MW of organic renewable additions.

Shares of the company ended 0.6% higher at a price of ₹521.60 on Thursday. The stock has lost nearly 19% of its value in the year-to-date periodl.