NTPC had invited tariff-based competitive Bids for setting up 1,000 MW ISTS-connected wind-solar hybrid power projects. Following this capacity award, the Company's total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE). The Company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company's energy solution offerings and supports its transition towards becoming an energy products and services company,' JSW Energy said in a statement. Separately, the Mumbai-based power producer said that JSW Renew Energy Twenty, a wholly owned stepdown subsidiary of JSW Energy, has signed power purchase agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for solar capacity of 300 MW awarded by Karnataka Renewable Energy Development (KREDL). The PPA is signed for supply of power until FY 2044 with a tariff of Rs 2.89 per kilowatt-hour (KWh). The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in next 18 months. JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal). The power generation company's consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. Revenue from operations fell by 1.65% year on year (YoY) to Rs 2,879.46 crore in the quarter ended 30 June 2024. The scrip rose 0.40% to currently trade at Rs 716.55 on the BSE. Powered by Capital Market - Live

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received Letter of Award for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,000 MW ISTS-connected Wind-Solar Hybrid Power Projects (NTPC-Tranche-VI). Following this capacity award, the Company's total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE). The Company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company's energy solution offerings and supports its transition towards becoming an energy products and services company. JSW Energy has total locked-in generation capacity of 16.7 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.0 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050. Powered by Capital Market - Live

JSW Renew Energy Twenty, a wholly owned step-down subsidiary of JSW Energy, has signed Power Purchase Agreement with Bangalore Electricity Supply Company for solar capacity of 300 MW awarded by Karnataka Renewable Energy Development (KREDL). The PPA is signed for supply of power until FY 2044 with a tariff of ₹2.89/KWh. The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in next 18 months. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 1.3 GW. JSW Energy has total locked-in generation capacity of 16.7 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050. Powered by Capital Market - Live

JSW Energy announced that it has achieved an A rating for Environment, Social and Corporate Governance (ESG) in the latest update from Morgan Stanley Capital International (MSCI) ESG rating. MSCI is a leading provider of research and critical decision support tools for the global investment community. This significant achievement acknowledges the company's ESG practices and positions it as one of the highest-rated among its domestic peers in the power generation sector. The rating underscores the Company for leading its peers in carbon emission mitigation practices and capitalising on opportunities in renewable energy space. Under Strategy 2.0, the company has been consistently investing in renewable projects and expanding into sustainable products and solutions like green hydrogen, FDRE and hybrid power.Powered by Capital Market - Live