JSW Energy plans to allocate approximately Rs 1.15 lakh crore in capital expenditure over the next six years for its ‘Strategy 2.0’, with the goal of achieving a generation capacity of 20 gigawatts (GW) and a storage capacity of 40 gigawatt-hours (GWh) by 2030, group chairman and managing director Sajjan Jindal announced to shareholders on July 5.
This announcement marks an increase from the previously announced Rs 85,000 crore for the strategy.
“With tailwinds such as healthy underlying power demand, a strong pipeline of under-development capacity, and a robust capital structure on the balance sheet, I am confident of accelerating the 2030 targets by a few years,” Jindal stated during the company’s annual general meeting.
The strategy is part of JSW Energy’s broader efforts to transition towards renewable energy and enhance its storage capabilities, aligning with global trends towards cleaner and more sustainable energy solutions. The company plans to spend about Rs 15,000 crore in the current fiscal year 2025.
The investment will likely be directed towards various renewable energy projects, including solar, wind, and energy storage technologies.