JSW Energy share jumps around 4% as company signs PPAs for 1,325 MW of renewable energy projects 

One of the top private sector power producers in India, JSW Energy, witnessed its shares jump over 4% in early morning trading to ₹739 a share. This increase came after it was announced that the company’s fully owned subsidiary had signed Power Purchase Agreements (PPAs) for 1,325 MW of solar and wind projects through its subsidiaries.

These agreements include 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL) and 1,025 MW with the Solar Energy Corporation of India Limited (SECI) for the supply of power for a 25-year period at a rate of ₹2.66/KWh.

By 2030, the company aims to have 40 GWh of energy storage capacity and 20 GW of generating capacity. The ambitious goal of JSW Energy is to become carbon neutral by 2050.

As of 11:15 AM, JSW Energy were trading 3.17% at Rs 734.65.

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