JSW Mumbai/UNI: Sanjay Jindal led JSW Energy on Thursday said its subsidiary JSW Renewable Energy (Vijayanagar) has commenced operations at the 225 MW solar plant in Karnataka.
This 225 MW solar project is a part of the 958 MW solar and wind projects for which the company has already signed a 25 year power purchase agreement with JSW Steel under the group captive scheme, JSW Energy said in a statement issued here.
"Commencement of operations at the 225 MW of solar plant within the scheduled timelines is a key landmark for the company and testament to its world-class project execution capabilities," Prashant Jain, Joint Managing Director and CEO of JSW Energy, said.
Apart from this, the company is also constructing 2.25 GW of greenfield renewable energy capacity in pursuit of reaching 10 GW capacity by FY25, and 20 GW capacity by FY30, entirely driven by renewables.
"In the coming months, we remain upbeat to commence operations of our under-construction pipeline of 2 GW wind projects, in phases. We will continue to contribute meaningfully in achieving India's renewable capacity and net-zero ambition driven targets," Jain added.
The company has set a target to reach 20 GW capacity by 2030, with the share of renewable energy increasing to 85 percent of total.
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