JSW Renew Energy Three Ltd., a subsidiary of JSW Energy Ltd., has signed a power purchase agreement for 250 MW wind capacity with Adani Electricity Mumbai Ltd.
The agreement is for supplying power for 25 years at a tariff of Rs 3.65 per KWh in Maharashtra, with the project expected to be commissioned within the next 24 months.
JSW Energy's total installed renewable energy capacity is now 12,499 MW, comprising wind, solar, and hydro sources, representing 55% of the overall capacity.
The company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by fiscal year 2030, targeting carbon neutrality by 2050 as part of its growth roadmap.