Mumbai: JSW Energy Limited has signed a contract with GE Renewable Energy, a leading provider of wind solutions, for supply of 810 MW of onshore wind turbines for the company’s under-construction pipeline of ~ 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022. These turbines will produce enough green energy to meet the annual electricity requirements of more than 2.1 million households in the country.
Prashant Jain, Joint Managing Director and CEO of JSW Energy, said: “We are proud to partner with GE, a high-tech industrial company, to contribute to India’s renewable energy goals. Our company has set a target to reach 20 GW of power generation capacity by 2030, by when the share of renewables in our entire portfolio will become 85%. The projects being implemented in Tamil Nadu is our first large scale wind power project. We look forward to working with GE to achieve our energy transition and growth targets.”
Sheri Hickok, CEO of GE Renewable Energy’s Onshore Wind International business, said: “We are extremely honored to have been selected by JSW Energy for this amazing project. It will be a unique partnership where both the companies will leverage their respective strengths to deliver competitive levelized cost of energy. Together, we are aiming at enabling the energy transition in India, helping the country to achieve its renewable energy targets.”
JSW Energy has set an ambitious target for 50% reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050 by transitioning towards renewable energy. The Company has set a target to reach 20 GW capacity by 2030, with share of renewable energy at 85%, up from 30% currently. Around 2.5 GW renewable projects are currently under-construction: ~ 2.2 GW of wind and solar projects, tied with SECI and JSW Steel, are expected be commissioned in the next 18-24 months, while the 240 MW Kutehr hydro project is expected to be commissioned in the next 36-40 months. With the commissioning of these projects, the Company’s total generation capacity will increase to ~7 GW, with renewable energy contributing more than 50%.
As a signatory to the Paris Climate accords, India has embarked on an ambitious target of achieving 450 GW of renewable energy by 2030. JSW Energy Limited has joined the global movement of leading companies that are aligning their business with the ambitious aim of the Paris Agreement, to limit global temperature rise to 1.5°C above preindustrial levels and reach net-zero value chain emissions by no later than 2050.
